DividendJun 25, 2026, 07:01 AM
Ituran Updates Dividend Withholding Tax Procedures
AI Summary
Ituran Location & Control Ltd. announced an update on withholding tax procedures for its upcoming dividend distribution. The company obtained a tax ruling from the Israeli Tax Authority, which may allow certain shareholders to receive a reduced Israeli withholding tax rate on the $0.50 per share dividend, payable on July 8, 2026. Shareholders seeking a reduced rate must apply to the designated agent by August 5, 2026, providing necessary documentation.
Key Highlights
- Ituran obtained a tax ruling from the Israeli Tax Authority regarding dividend withholding tax.
- The dividend of $0.50 per ordinary share (approx. $10 million) is expected to be paid on July 8, 2026.
- Shareholders of record as of June 24, 2026, are eligible for the dividend.
- Initial withholding tax rate will be 25% or 20% (for 'Preferred Income').
- Certain shareholders may be eligible for a reduced Israeli withholding tax rate.
- Applications for a reduced rate must be submitted to the Agent (IBI Trust Management) by August 5, 2026.
- Shareholders must provide relevant documentation, including tax residence confirmation for 2025.
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