Formula Systems to Pay $200M Special Dividend of $13.045 Per Share
Formula Systems has approved a special cash dividend of $13.045 per share, totaling approximately $200 million, based on 2025 results and the completion of the Sapiens acquisition. The dividend is payable June 4, 2026 to shareholders of record on May 25, 2026, with withholding tax at 30% or 25%.
1. Dividend Declaration
Formula Systems’ board approved distribution of a special cash dividend of $13.045 per share, or approximately $200 million, based on the company’s 2025 financial results and the completion of the Sapiens acquisition by Advent.
2. Payment Schedule and Eligibility
The dividend will be paid in U.S. dollars on June 4, 2026 to shareholders of record at the close of trading on May 25, 2026 for both ordinary shares on the Tel Aviv Stock Exchange and ADSs on the Nasdaq Global Select Market.
3. Tax Withholding Details
Payouts are subject to Israeli tax withholding at source at 30% for shareholders holding 10% or more of share capital and 25% for all other recipients, in line with applicable tax law exemptions.
4. Strategic Rationale
The board cited strong liquidity, capital needs, and confidence in ongoing strategic execution and portfolio performance as factors supporting the decision to reward shareholders with this one-time distribution.