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

ReposiTrak Inc. (NYSE:TRAK) announced a quarterly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.02 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

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

ReposiTrak Stock Performance

Shares of NYSE:TRAK traded down $0.21 during midday trading on Friday, hitting $7.12. The company’s stock had a trading volume of 158,057 shares, compared to its average volume of 144,122. The stock’s 50 day simple moving average is $9.31 and its 200 day simple moving average is $12.55. The stock has a market capitalization of $129.58 million, a price-to-earnings ratio of 19.24 and a beta of 0.49. ReposiTrak has a fifty-two week low of $6.94 and a fifty-two week high of $23.72.

ReposiTrak (NYSE:TRAK) last announced its earnings results on Tuesday, February 17th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $5.86 million during the quarter. ReposiTrak had a return on equity of 14.52% and a net margin of 30.62%.

Analysts Set New Price Targets

TRAK has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of ReposiTrak in a research note on Monday, December 29th. Wall Street Zen lowered shares of ReposiTrak from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ReposiTrak currently 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.