Ituran Location and Control Ltd. to Issue Quarterly Dividend of $0.50 (NASDAQ:ITRN)

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) announced a quarterly dividend on Tuesday, November 18th. Shareholders of record on Monday, December 29th will be paid a dividend of 0.50 per share by the industrial products company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, December 29th.Ituran Location and Control LTD, For Your Smallcap Dividend PortfolioIturan Location and Control has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Ituran Location and Control has a dividend payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings. Ituran Location and Control Stock PerformanceShares of NASDAQ:ITRN traded down $0.23 during midday trading on Tuesday, hitting $36.70. The company's stock had a trading volume of 161,380 shares, compared to its average volume of 123,868. Ituran Location and Control has a fifty-two week low of $26.68 and a fifty-two week high of $45.43. The stock's 50 day simple moving average is $36.67 and its 200 day simple moving average is $37.41. The stock has a market capitalization of $729.96 million, a price-to-earnings ratio of 13.15 and a beta of 0.88. Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 18th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.06. Ituran Location and Control had a net margin of 16.35% and a return on equity of 28.24%. The company had revenue of $92.28 million for the quarter, compared to the consensus estimate of $86.52 million. Hedge Funds Weigh In On Ituran Location and ControlA number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its holdings in Ituran Location and Control by 18.5% during the 2nd quarter. Acadian Asset Management LLC now owns 726,519 shares of the industrial products company's stock worth $28,097,000 after acquiring an additional 113,594 shares during the period. CSM Advisors LLC acquired a new position in shares of Ituran Location and Control during the second quarter valued at about $3,731,000. Man Group plc raised its stake in shares of Ituran Location and Control by 90.8% in the second quarter. Man Group plc now owns 137,657 shares of the industrial products company's stock worth $5,331,000 after purchasing an additional 65,502 shares during the last quarter. ARK Investment Management LLC bought a new position in Ituran Location and Control during the 1st quarter valued at $2,131,000. Finally, GW&K Investment Management LLC purchased a new position in shares of Ituran Location and Control in the 3rd quarter worth approximately $1,911,000. 94.80% of the stock is currently owned by institutional investors. About Ituran Location and Control (Get Free Report)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.Featured StoriesFive stocks we like better than Ituran Location and ControlWhat Do S&P 500 Stocks Tell Investors About the Market? What’s on the Thanksgiving Table? A Stock Pick for Every CourseTechnology Stocks Explained: Here's What to Know About TechWhy Home Depot’s Pain Could Be a Long-Term Investor’s GainInvesting in Travel Stocks BenefitsQualcomm’s Bulls Are Running Out of Room to Be WrongThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ituran Location and Control Right Now?Before you consider Ituran Location and Control, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ituran Location and Control wasn't on the list.While Ituran Location and Control currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here