Electro Rent Co. (ELRC) Announces Quarterly Dividend of $0.20
Electro Rent (NASDAQ:ELRC) declared a quarterly dividend on Thursday, September 4th, American Banking News.com reports. Investors of record on Friday, September 19th will be given a dividend of 0.20 per share on Friday, October 10th. This represents a $0.80 dividend on an annualized basis and a yield of 5.32%.
Shares of Electro Rent (NASDAQ:ELRC) opened at 15.05 on Thursday. Electro Rent has a 1-year low of $14.76 and a 1-year high of $21.58. The stock’s 50-day moving average is $15.32 and its 200-day moving average is $16.30. The company has a market cap of $361.3 million and a price-to-earnings ratio of 17.94.
Electro Rent (NASDAQ:ELRC) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.03. Analysts expect that Electro Rent will post $1.07 EPS for the current fiscal year.
Electro Rent Corporation is a global organization devoted to the rental, lease and sale of new and used electronic test and measurement (NASDAQ:ELRC) equipment.
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