Ituran Location and Control Ltd. (NASDAQ:ITRN) Announces Quarterly Dividend of $0.39

Ituran Location and Control Ltd. (NASDAQ:ITRN) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Monday, December 23rd will be paid a dividend of 0.39 per share by the industrial products company on Wednesday, January 8th. This represents a $1.56 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Monday, December 23rd.

Ituran Location and Control has increased its dividend by an average of 41.5% annually over the last three years. Ituran Location and Control has a payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings.

Ituran Location and Control Trading Up 1.7 %

Shares of NASDAQ:ITRN opened at $29.86 on Friday. The firm has a market cap of $594.03 million, a PE ratio of 11.44 and a beta of 1.17. The company has a fifty day simple moving average of $28.57 and a 200 day simple moving average of $27.18. Ituran Location and Control has a 12-month low of $24.12 and a 12-month high of $31.64.

About Ituran Location and Control

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.