ITURAN Announcesâ€Ŋ$10â€ŊMillion Dividend for Q3â€Ŋ2025

ITURAN Announcesâ€Ŋ$10â€ŊMillion Dividend for Q3â€Ŋ2025

â€ĒBy ADMIN
Related Stocks:ITRN
AZOUR, Israel – Novemberâ€Ŋ18,â€Ŋ2025 – Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced that its Board of Directors has approved a cash dividend of USâ€Ŋ$0.50 per share, amounting to approximately USâ€Ŋ$10â€Ŋmillion for the third quarter of 2025. The dividend is payable to shareholders of record as of Decemberâ€Ŋ29,â€Ŋ2025, with payment scheduled for Januaryâ€Ŋ15,â€Ŋ2026, subject to tax withholding at the rate of 25%. In approving the distribution, the Board concluded that the dividend complies with Israeli law’s distribution criteria and will not impair the Company’s ongoing business operations or future plans. As of Septemberâ€Ŋ30,â€Ŋ2025 (before this dividend), the Company had retained earnings of USâ€Ŋ$239.0â€Ŋmillion and a cash balance of USâ€Ŋ$93.1â€Ŋmillion. After accounting for the payout, retained earnings are projected to be USâ€Ŋ$229.0â€Ŋmillion. Also as of that date, non‑cash current assets stood at USâ€Ŋ$137.1â€Ŋmillion and current liabilities at USâ€Ŋ$102.4â€Ŋmillion, with no outstanding bank credit. Ituran is a leading provider of mobility technology and value‑added location‑based services, including stolen vehicle recovery, fleet management and mobile asset location. The company serves over 2.5â€Ŋmillion subscribers across more than 20 countries and is the largest OEM telematics provider in Latin America. #IturanDividend #Q32025Dividend #TelematicsIndustry #ShareholderReturn #SlimScan #GrowthStocks #CANSLIM

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ITURAN Announcesâ€Ŋ$10â€ŊMillion Dividend for Q3â€Ŋ2025 | SlimScan