
ITURAN AnnouncesâŊ$10âŊMillion Dividend for Q3âŊ2025
âĒBy ADMIN
Related Stocks:ITRN
AZOUR, Israel â NovemberâŊ18,âŊ2025 â Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced that its Board of Directors has approved a cash dividend of USâŊ$0.50 per share, amounting to approximately USâŊ$10âŊmillion for the third quarter of 2025.
The dividend is payable to shareholders of record as of DecemberâŊ29,âŊ2025, with payment scheduled for JanuaryâŊ15,âŊ2026, subject to tax withholding at the rate of 25%.
In approving the distribution, the Board concluded that the dividend complies with Israeli lawâs distribution criteria and will not impair the Companyâs ongoing business operations or future plans.
As of SeptemberâŊ30,âŊ2025 (before this dividend), the Company had retained earnings of USâŊ$239.0âŊmillion and a cash balance of USâŊ$93.1âŊmillion. After accounting for the payout, retained earnings are projected to be USâŊ$229.0âŊmillion. Also as of that date, nonâcash current assets stood at USâŊ$137.1âŊmillion and current liabilities at USâŊ$102.4âŊmillion, with no outstanding bank credit.
Ituran is a leading provider of mobility technology and valueâadded locationâbased services, including stolen vehicle recovery, fleet management and mobile asset location. The company serves over 2.5âŊmillion subscribers across more than 20 countries and is the largest OEM telematics provider in Latin America.
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