Kamada Secures Reduced Withholding Tax Ruling on $14.4M Dividend
Kamada obtained an Israel Tax Authority ruling allowing Nasdaq shareholders a reduced withholding rate on its $0.25 per share cash dividend (totaling $14.4 million) payable April 7 to holders on March 23 record date. Kamada appointed IBI Trust Management tax agent to process treaty-rate relief applications by May 9.
1. Tax Ruling Overview
Kamada obtained a ruling from the Israel Tax Authority that allows Nasdaq-listed shareholders resident in treaty states to claim a reduced withholding tax rate on its upcoming cash dividend, subject to specified conditions and documentation requirements.
2. Dividend Details
On March 11, the company declared a cash dividend of $0.25 per ordinary share, totaling approximately $14.4 million, payable on April 7 to shareholders of record as of March 23, 2026.
3. Application Requirements
Eligible Nasdaq shareholders must submit residency declarations, bank details, proof of beneficial ownership and any additional required documents to IBI Trust Management between the payment date and May 9 to apply for treaty-rate relief.
4. Distribution Process
On the payment date, Kamada will withhold 25% of the dividend and remit it to IBI Trust Management, while its U.S. transfer agent will distribute the remaining 75% to shareholders, with any additional refunds processed by the tax agent.