Single Column Posts

3 min read

Jeff Horn and Tim Tszyu will be aired live in the United States, as ESPN+ have picked up the fight, which will stream at 5...

5 min read

Indy 500 live: In a normal season is that the finale of what is commonly known as the Month of May in IndyCar racing. The...

4 min read

PSG vs RB Leipzig Live :Are two clubs which have made many enemies among football fans, but maybe not to the way they playwith. On...

4 min read

RB Leipzig v Paris Saint-Germain live stream: How to watch Champions League clash for free – kick-off time, TV Channel and radio coverage.Semifinals start Tuesday...

4 min read

Nets vs Raptors live :After two weeks of seeding games, the action inside the bubble at Disney World will continue with the 2020 NBA Playoffs....

3 min read

Raptors vs Nets Live : After Fourteen Days of seeding Matches, the action in the bubble at Disney World will last using the 2020 NBA...

4 min read

The Utah Jazz do Not have a Solid track record Contrary to the Denver Nuggets this season. Denver won all three matchups this season, all...

5 min read

Barcelona player talks about tonight's Champions League quarter-final against his former club Bayern Munich. The midfielder is well-known for his self-sacrificing style of drama and...

5 min read

Present Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well-known for his self-sacrificing style of...

6 min read

Current Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well known for his self-sacrificing manner...

September 22, 2020

The Post Wired

News On Trending

News Alert for Investors: Ituran Location and Control Ltd. (NASDAQ:ITRN) accepts distribution of a cash dividend $0.24 per share

Spread the love

Ituran Location and Control Ltd. (NASDAQ:ITRN) stock observed trading -12.03% off 52-week high price. On the other end, the stock has been noted 15.79% away from low price over the last 52-weeks. The stock disclosed a move of -3.32% away from 50 day moving average and -0.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.66% off 20-day moving average. It has market cap of $793.57M and dividend yield of 2.72%.

Ituran Location and Control Ltd. (NASDAQ:ITRN) reported that the Board of Directors approved the distribution of a cash dividend in the amount of $0.24 per share, totaling approximately US$ 5 million. The dividend will be paid to shareholders of record as of June 20, 2019. The Company will pay the dividend out on July 3, 2019 net of taxes at the rate of 25%.

In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the abovementioned distribution will not undermine the Company’s ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.

Retained earnings as of March 31, 2019, prior to the distribution was US$ 132.8 million and retained earnings will reach US$ 127.8 million after the distribution. The Board of Directors emphasized that as of March 31, 2019, the Company had a cash balance in hand of US$53.0 million (this amount is prior to the payment of a dividend of US$ 5 million which was issued for the fourth quarter of 2018 and was paid out in April 2019) and the company had also a long-term debt of US$ 60.3 million and Credit from banking institutions of US$ 13.3 million. As of March 31, 2019, the Company’s current assets (excluding cash, cash equivalents) were in the sum of US$ 131.2 million and current liabilities were in the sum of US$ 100.8 million.

The Israel based company Ituran Location and Control Ltd. moved with change of 0.15% to $33.87 with the total traded volume of 21466 shares in recent session versus to an average volume of 43.14K. The stock was observed in the 5 days activity at 4.60%. The one month performance of stock was -8.31%. ITRN’s shares are at -0.47% for the quarter and driving a 8.56% return over the course of the past year and is now at 5.65% since this point in 2018.  Right now the stock beta is 0.87. The average volatility for the week and month was at 3.19% and 2.42% respectively. There are 23.43M shares outstanding and 20.92M shares are floated in market.