Ituran Location & Control (ITRN) Declares $0.24 Quarterly Dividend; 2.9% Yield
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Ituran Location and Control Ltd Announces Distribution of a Dividend
February 27, 2018 7:30 AM ESTAZOUR, Israel, Feb. 27, 2017 /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 $0.24 per share, totaling approximately US$ 5 million. The dividend will be paid to shareholders of record as of March 27, 2018. The Company will pay the dividend out on April 11, 2018 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.... More
