Karooooo Ltd. (KARO) To Go Ex-Dividend on July 17th

Karooooo Ltd. (NASDAQ:KARO) declared an annual dividend on Wednesday, May 13th. Shareholders of record on Friday, July 17th will be given a dividend of 1.50 per share on Monday, July 27th. This represents a yield of 347.0%. The ex-dividend date is Friday, July 17th. This is a 20.0% increase from Karooooo’s previous annual dividend of $1.25.

Karooooo has a payout ratio of 60.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Karooooo to earn $2.67 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 46.8%.

Karooooo Trading Down 6.1%

KARO stock opened at $44.59 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $48.89 and a two-hundred day moving average price of $47.20. Karooooo has a one year low of $41.25 and a one year high of $63.36. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 24.10 and a beta of 0.92.

Karooooo (NASDAQ:KARO) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.45 EPS for the quarter. Karooooo had a net margin of 18.07% and a return on equity of 31.60%. The firm had revenue of $90.93 million during the quarter. Equities analysts anticipate that Karooooo will post 2.24 EPS for the current year.

About Karooooo

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.