ReposiTrak Inc. (NYSE:TRAK) Announces $0.02 Quarterly Dividend

ReposiTrak Inc. (NYSE:TRAK) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.02 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th.

ReposiTrak has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings.

ReposiTrak Stock Down 0.2%

Shares of TRAK stock traded down $0.02 on Thursday, reaching $9.22. The company had a trading volume of 76,877 shares, compared to its average volume of 124,004. The business’s 50-day moving average is $9.24 and its 200 day moving average is $10.06. ReposiTrak has a one year low of $6.94 and a one year high of $20.77. The stock has a market capitalization of $167.53 million, a PE ratio of 24.92 and a beta of 0.79.

ReposiTrak (NYSE:TRAK) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter. ReposiTrak had a return on equity of 14.44% and a net margin of 30.75%.The business had revenue of $5.88 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded ReposiTrak from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

ReposiTrak Company Profile

ReposiTrak, trading on the New York Stock Exchange under the symbol TRAK, is a provider of cloud-based supply chain compliance and transparency solutions. The company’s platform enables retailers, suppliers and manufacturers to manage, share and validate product data throughout the supply chain. Through its Software-as-a-Service (SaaS) offering, ReposiTrak helps organizations ensure adherence to regulatory requirements, industry standards and retailer-specific guidelines for food safety, sustainability, labeling and quality assurance.

At the core of ReposiTrak’s offerings is its DataHub, a centralized repository that captures critical information such as product specifications, certifications, catch-weight data, temperature logs and recall notifications.