Electro Rent Corp. announced Friday it will pay shareholders a quarterly dividend of 20 cents a share.

The Van Nuys company will pay the dividend on Oct. 10 to shareholders of record as of Sept. 20.

The company leases and sells test equipment for computer networks and other markets. It operates a facility in Georgia and has international locations in Canada, Belgium and China.

Electro Rent has declared a dividend each quarter since early 2007.

Shares lost 76 cents, or more than4 percent, to $17 on the Nasdaq.