Eltek Ltd. (NASDAQ:ELTK – Get Free Report) declared a — dividend on Wednesday, April 9th, Wall Street Journal reports. Shareholders of record on Tuesday, April 22nd will be given a dividend of 0.19 per share by the technology company on Tuesday, April 29th. The ex-dividend date is Tuesday, April 22nd.
Eltek has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eltek to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 21.6%.
Eltek Stock Performance
ELTK stock opened at $8.39 on Friday. Eltek has a 52 week low of $7.65 and a 52 week high of $12.47. The company’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $10.55. The company has a market capitalization of $50.92 million, a PE ratio of 9.87 and a beta of 0.58.
Wall Street Analyst Weigh In
Read Our Latest Analysis on ELTK
About Eltek
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.
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