Ituran Location & Control (ITRN) Announces $0.14 Dividend

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Go back to Ituran Location & Control (ITRN) Announces $0.14 Dividend

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND

November 21, 2022 8:00 AM EST

AZOUR, Israel, Nov. 21, 2022 /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 $0.14 per share, totaling approximately US$3 million. The dividend will be paid to shareholders of record as of December 21, 2022. The Company will pay the dividend out on January 4, 2023 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