Ituran Increases Dividend To 6% And Earns $35 Price Target From Barclay Analyst
ITRNIturan Location and trol .(ITRN) Prnewswire·2024-04-15 20:30

MIAMI, April 15, 2024 /PRNewswire/ -- Ituran Location and Control (NASDAQ: ITRN) added 8milliontoitsdividendpoolafterastrongQ4,pushingitsforward−lookingyieldto68 million to its dividend pool after a strong Q4, pushing its forward-looking yield to 6%. That attractive yield comes after the company posted record across-the-board financial metrics, including a 9% revenue increase year-over-year to 320 million, net income of 48million,anincreaseof3048 million, an increase of 30% year-over-year, and a 10% increase in EBITDA to 87 million. As of last Friday's close, ITRN's market cap is about $521 million ...