Dividends & Buybacks ·
Ituran Location and Control Ltd. issued a press release on September 23, 2026, detailing withholding tax procedures…
ITRNIturan Location & Control Ltd.
Ituran Location and Control Ltd. issued a press release on September 23, 2026, detailing withholding tax procedures for an upcoming dividend distribution. The company obtained a tax ruling from the Israeli Tax Authority allowing eligible shareholders to apply for a reduced withholding tax rate compared to the standard 25% or 30%. This update concerns a previously announced $0.50 per ordinary share cash dividend, totaling approximately $10 million, with a record date of September 29, 2026, and payment expected on October 14, 2026. Ituran operates in the mobility technology sector, providing location-based services such as stolen vehicle recovery and fleet management.