Ituran Approves $30M Q4 Dividend at $1.50 Per Share with 20% Tax Rate
Ituran Location and Control Ltd. will distribute a $1.50-per-share cash dividend totaling $30 million for Q4 2025, payable April 16 to shareholders of record on March 30, net of a 20% withholding rate under Israeli tax law. The dividend will reduce retained earnings from $244.4 million to $214.4 million while Ituran maintains a cash balance of $107.6 million and zero bank debt as of December 31, 2025.
1. Dividend Distribution Details
The Board of Directors approved a Q4 2025 cash dividend of $1.50 per share, totaling $30 million, to be paid on April 16 to shareholders of record on March 30. This distribution benefits from a reduced 20% withholding tax under ‘Preferred Income’ and ‘Preferred Technological Income’ provisions of Israeli law.
2. Impact on Retained Earnings
Prior to the distribution, retained earnings stood at $244.4 million and will decrease to $214.4 million post-dividend. The Board concluded that this payout will not undermine the Company’s ability to execute its current operations or future plans, and obligations can be met when due.
3. Financial Position and Liquidity
As of December 31, 2025, Ituran held $107.6 million in cash before a $10 million Q3 2025 dividend payment, had no outstanding bank debt, current assets (excluding cash) of $130.1 million, and current liabilities of $104.1 million, underscoring a solid liquidity position.