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MINNEAPOLIS - Autoscope Technologies Corporation (OTCQX: AATC), a provider of above-ground detection technology for transportation systems, has announced a quarterly dividend of $0.15 per share. The dividend is payable on February 25, 2025, to shareholders on record as of February 18, 2025. According to InvestingPro data, the company has maintained an impressive dividend growth track record, having raised its dividend for four consecutive years, with a current yield of 21.1%.
The company specializes in delivering solutions that enhance the safety and efficiency of urban and highway transportation networks. Its products offer real-time reaction capabilities and analytics to support Intelligent Transportation Systems (ITS) professionals in making informed decisions. The company maintains exceptional gross profit margins of 95% and holds more cash than debt on its balance sheet, according to InvestingPro analysis.
This dividend declaration follows Autoscope’s commitment to providing value to its shareholders and reflects the company’s financial performance. With a return on equity of 25% and a P/E ratio of 8.8, the company demonstrates strong profitability metrics. InvestingPro analysis suggests the stock is currently undervalued, with eight additional exclusive insights available to subscribers.
The press release also contains forward-looking statements regarding expectations for future events which are subject to risks and uncertainties. These statements are identified by terms such as "believes," "expects," "anticipates," and similar expressions. Autoscope acknowledges that actual results may differ from those projected due to various factors, including but not limited to government spending on transportation technology, product acceptance, budget constraints of purchasing entities, and market competition.
Autoscope Technologies Corporation has cautioned investors not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. The company does not commit to updating any forward-looking statements in light of new information or future events.
This announcement is based on a press release statement from Autoscope Technologies Corporation.
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