Ituran Declares $0.50 Dividend Per Share, Allocates $10 Million for Q1 2026
ITRN•Ituran's Board approved a Q1 2026 cash dividend of $0.50 per share, totaling $10 million, payable July 8 to shareholders of record on June 24. Retained earnings will decline from US$231.3 million to US$221.3 million while the company maintains a US$108.0 million cash balance and no bank debt.
1. Dividend Approval and Timeline
The Board of Directors approved a Q1 2026 cash dividend of $0.50 per share, totalling US$10 million. Shareholders of record as of June 24 will receive payments on July 8, net of 20% withholding tax.
2. Financial Position Post-Dividend
Retained earnings decreased from US$231.3 million to US$221.3 million following the distribution. As of March 31, the company held US$108.0 million in cash, had no outstanding bank debt, and reported US$141.0 million in other current assets against US$131.3 million in current liabilities.
3. Tax Treatment Under Israeli Ruling
The 20% withholding rate applies because the dividend is paid from "Preferred Income" or "Preferred Technological Income" under the Encouragement of Capital Investment Law and an Israel Tax Authority ruling, a reduced rate relative to the standard withholding.
