Electro Rent Corp. (ELRC) Declares Quarterly Dividend of $0.20
Electro Rent Corp. (NASDAQ:ELRC) declared a quarterly dividend on Thursday, June 5th, Analyst Ratings.Net reports. Shareholders of record on Friday, June 20th will be given a dividend of 0.20 per share on Thursday, July 10th. This represents a $0.80 dividend on an annualized basis and a yield of 5.00%.
Electro Rent Corp. (NASDAQ:ELRC) traded up 4.58% during mid-day trading on Thursday, hitting $15.99. 40,034 shares of the company’s stock traded hands. Electro Rent Corp. has a one year low of $14.76 and a one year high of $21.58. The stock’s 50-day moving average is $15.83 and its 200-day moving average is $17.53. The company has a market cap of $383.9 million and a price-to-earnings ratio of 16.88.
Electro Rent Corp. (NASDAQ:ELRC) last posted its quarterly earnings results on Monday, April 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.05. Analysts expect that Electro Rent Corp. will post $0.87 EPS for the current fiscal year.
Electro Rent Corporation is engaged in rental, lease and sale of new and used electronic test and measurement (NASDAQ:ELRC) equipment.
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