Electro Rent Co. Declares Quarterly Dividend of $0.20 (ELRC)
Electro Rent (NASDAQ:ELRC) announced a quarterly dividend on Tuesday, March 5th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.20 per share on Wednesday, April 10th. This represents a $0.80 annualized dividend and a dividend yield of 4.87%.
Electro Rent (ELRC) traded up 0.49% on Tuesday, hitting $16.44. Electro Rent (ELRC) has a 52-week low of $13.51 and a 52-week high of $19.35. The stock’s 50-day moving average is currently $15.51. The company has a market cap of $394.5 million and a price-to-earnings ratio of 17.40.
Electro Rent last announced its earnings results on Wednesday, January 9th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $65.19 million for the quarter, compared to the consensus estimate of $61.64 million. Analysts expect that Electro Rent (ELRC) will post $0.94 EPS for the current fiscal year.
Electro Rent Corporation is engaged in the rental, lease and sale of new and used electronic test and measurement (T&M) equipment.
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