ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control Ltd. - Ordinary Shares (ITRN)
Last ituran location and control ltd. - ordinary shares earnings: 3/4 06:30 am
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US:NASDAQ Investor Relations:
ituran.com/ituranfront/en/about-ituran/investor-relations
Company Research
Source: PR Newswire
AZOUR, Israel, Nov. 21, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.39 per share, totaling approximately US $8 million. The dividend will be paid to shareholders of record as of December 23, 2024. The Company will pay the dividend out on January 8, 2025, net of taxes at the rate of 25%.In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.Retained earnings as of September 30, 2024, prior to the distribution was US$ 220.1 million and retained earnings will reach US$ 212.1 million after the distribution. The Board of
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ITRN
Sec Filings
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K
- 11/13/24 - Form SC
- ITRN's page on the SEC website