ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the Second Quarter of 2025

Ituran Location and Control (NASDAQ: ITRN) has declared a quarterly dividend of $0.50 per share, totaling approximately $10 million.

Rhea-AI Summary

Ituran Location and Control (NASDAQ: ITRN) has declared a quarterly dividend of $0.50 per share, totaling approximately $10 million. The dividend will be paid on October 10, 2025, to shareholders of record as of September 25, 2025, with a 25% tax rate.

The company's financial position remains strong with $88.7 million in cash balance as of June 30, 2025, $132.9 million in current assets (excluding cash), and $98.3 million in current liabilities. Retained earnings will decrease from $234.3 million to $224.3 million after the distribution. The Board confirmed that this distribution will not affect the company's business operations or future plans.

Positive

• Strong cash position of $88.7 million with no outstanding bank credit
• Healthy retained earnings of $234.3 million before distribution
• Current assets ($132.9M) significantly exceed current liabilities ($98.3M)

Negative

• None.

Argus Aug 19 session

-9.78% close to close 4.1x rel. volume Open Argus

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News Market Reaction – ITRN

On Aug 19, the day this news came out, ITRN closed 9.78% below the previous close. That session’s volume was 4.1x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Aug 19 session.

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AZOUR, Israel, Aug. 19, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.50 per share, totaling approximately US$ 10 million. The dividend will be paid to shareholders of record as of September 25, 2025. The Company will pay the dividend out on October 10, 2025, net of taxes at the rate of 25%.

In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.

Retained earnings as of June 30, 2025, prior to the distribution was US$ 234.3 million and retained earnings will reach US$ 224.3 million after the distribution. The Board of Directors emphasized that as of June 30, 2025, the Company had a cash balance in hand of US$ 88.7 million (this amount is prior to the payment of a dividend of approximately US$ 10 million which was issued for the first quarter 2025 and was paid out in July 2025). The Company had no outstanding credit from banking institutions. As of June 30, 2025, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$ 132.9 million and current liabilities were in the sum of US$ 98.3 million.

About Ituran

Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to over 2.5 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

For more information, please visit Ituran's website, at: www.ituran.com

 

Company Contact Udi Mizrahi udi_m@ituran.com Deputy CEO &VP Finance, Ituran (Israel) +972 3 557 1348

International Investor Relations Ehud Helft ituran@ekgir.com EK Global Investor Relations (US) +1 212 378 8040

 

Logo - https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg

 

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SOURCE Ituran Location and Control Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount per share for ITRN's Q2 2025 distribution?

Ituran Location and Control will pay a dividend of $0.50 per share, totaling approximately $10 million.

When is the ex-dividend date for ITRN's Q2 2025 dividend?

Shareholders must be on record by September 25, 2025 to receive the dividend, which will be paid on October 10, 2025.

What is ITRN's current financial position as of June 2025?

As of June 30, 2025, Ituran has $88.7 million in cash, $132.9 million in current assets (excluding cash), and $98.3 million in current liabilities with no outstanding bank credit.

How much are ITRN's retained earnings after the Q2 2025 dividend distribution?

After the $10 million dividend distribution, ITRN's retained earnings will be $224.3 million, down from $234.3 million.

What is the tax rate for ITRN's Q2 2025 dividend?

The dividend will be paid net of taxes at a rate of 25%.