Ituran Location & Control (ITRN) Declares $0.16 Quarterly Dividend; 2.7% Yield
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Ituran Location and Control Ltd Announces Distribution of a Dividend
May 18, 2015 7:30 AM EDTAZOUR, Israel, May 18, 2015 /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 NIS 0.61 per share or $0.16 per share, totaling approximately NIS 12.8 million or US$3.4 million. The dividend will be paid to shareholders of record as of June 17, 2015. The Company will pay the dividend out on July 2, 2015 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined... More
