- Ituran Location and Control Ltd. (ITRN, Financial) declares a quarterly dividend of $0.50 per share, totaling $10 million for Q1 2025.
- Dividend payments are scheduled for July 2, 2025, for shareholders on record as of June 18, 2025.
- The company maintains a strong financial position with $75.7 million in cash and a positive working capital.
Ituran Location and Control Ltd. (ITRN) has announced a dividend distribution for the first quarter of 2025, with the Board of Directors approving a payout of $0.50 per share. This distribution amounts to approximately $10 million in total. The dividends will be paid to shareholders registered by June 18, 2025, with the payment date set for July 2, 2025. A tax rate of 25% will be applicable on the dividend payout.
As of March 2025, Ituran showcases a robust financial position, holding $75.7 million in cash prior to the payout and having no liabilities owed to banking institutions. The company's retained earnings were reported at $230.7 million before the dividend distribution and are projected to be $220.7 million post-distribution. Ituran's current assets, excluding cash, stand at $125.7 million, while current liabilities are $93.3 million.
The Board of Directors has assured that this dividend distribution will not affect Ituran's business operations or its future strategic plans. The company continues to demonstrate strong financial health and remains committed to delivering value to its shareholders while maintaining its operational integrity.
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