DividendMay 26, 2026, 07:37 AM
Ituran Declares $10M Cash Dividend for Q1 2026, $0.50 Per Share
AI Summary
Ituran Location and Control Ltd. announced a cash dividend of $0.50 per share, totaling approximately $10 million, for the first quarter of 2026. The dividend will be paid on July 8, 2026, to shareholders of record as of June 24, 2026, with a reduced tax withholding rate of 20% due to its classification as "Preferred Income." The Board of Directors confirmed that this distribution will not negatively impact the company's ongoing operations or future plans, citing strong financial health with $231.3 million in retained earnings and $108.0 million in cash as of March 31, 2026.
Key Highlights
- Ituran declared a cash dividend of $0.50 per share for the first quarter of 2026.
- The total dividend distribution amounts to approximately $10 million.
- The dividend will be paid to shareholders of record as of June 24, 2026.
- The payment date for the dividend is July 8, 2026.
- The dividend will be paid net of 20% tax, a lower rate due to its source from "Preferred Income."
- Retained earnings as of March 31, 2026, were $231.3 million prior to distribution.
- The company had a cash balance of $108.0 million as of March 31, 2026.
- Current assets were $141.0 million and current liabilities were $131.3 million as of March 31, 2026.
Price Impact
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