The distribution is set to be taxed at a reduced rate of 20%, classified under the Encouragement of Capital Investment Law as preferred technological income. This decision follows a comprehensive review of the company's financial health, with directors confirming that the payout will not impede ongoing operations or future strategic commitments.
Ituran Declares $10 Million Dividend for Second Quarter 2026
The board of directors at Ituran Location and Control Ltd. has authorized a cash dividend of $0.50 per share, totaling approximately $10 million. Shareholders of record as of September 29, 2026, will receive the payout on October 14, following a favorable tax ruling from the Israel Tax Authority.
Financial statements ending June 30, 2026, show retained earnings of $238.7 million, a figure projected to decrease to $228.7 million post-distribution. The company remains debt-free regarding banking institutions, reporting a cash balance of $103.7 million prior to the previous first-quarter dividend payment. With current assets of $144.5 million against $122.4 million in liabilities, the firm maintains a stable liquidity position to support its global telematics and stolen vehicle recovery services.
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