ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the First Quarter of 2026

Rhea-AI Summary

Ituran Location and Control (NASDAQ: ITRN) approved a cash dividend of US$0.50 per share, totaling about US$10 million for Q1 2026. Shareholders of record on June 24, 2026 will be paid on July 8, 2026.

The dividend is subject to a 20% tax withholding under a tax ruling on “Preferred Income” and “Preferred Technological Income.” Retained earnings will decrease from US$231.3 million to US$221.3 million. As of March 31, 2026, cash was US$108.0 million, current assets US$141.0 million, current liabilities US$131.3 million, and the company had no bank credit.

Positive

• Quarterly dividend of US$0.50 per share, ~US$10m total
• Retained earnings remain US$221.3m after dividend
• Cash balance of US$108.0m as of March 31, 2026
• Current assets exceed current liabilities by US$9.7m
• No outstanding credit from banking institutions reported

Negative

• Retained earnings reduced by approximately US$10.0m due to dividend

News Market Reaction – ITRN

+2.13%

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+2.13% Session close to close

+5.8% Peak Tracked

-5.7% Trough Tracked

$1.32B Market Cap

0.5x Rel. Volume

In the May 26 session, ITRN gained 2.13%, reflecting a moderate positive market reaction. Argus tracked a peak move of +5.8% during that session. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

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AZOUR, Israel, May 26, 2026 /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 June 24, 2026. The Company will pay the dividend out on July 8, 2026, net of taxes at the rate of 20% (a lower rate than standard) as the dividend is distributed from "Preferred Income" and/or "Preferred Technological Income," as defined under the Encouragement of Capital Investment Law and the provisions of a tax ruling (the "Ruling") received from the Israel Tax Authority (the "ITA") with respect to the tax withholding rate upon dividend distribution. 

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 March 31, 2026, prior to the distribution were US$ 231.3 million and retained earnings will reach US$ 221.3 million after the distribution. The Board of Directors emphasized that as of March 31, 2026, the Company had a cash balance in hand of US$ 108.0 million (this amount is prior to the payment of a dividend of approximately US$30 million which was declared for the fourth quarter 2025 and was paid out in April 2026). The Company had no outstanding credit from banking institutions. As of March 31, 2026, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$141.0 million and current liabilities were in the sum of US$ 131.3 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 2.6 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,900 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.

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

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 

View original content:https://www.prnewswire.com/news-releases/ituran-location-and-control-ltd-announces-dividend-distribution-of-10-million-for-the-first-quarter-of-2026-302781728.html

SOURCE Ituran Location and Control Ltd.

FAQ

What dividend did Ituran (NASDAQ: ITRN) declare for the first quarter of 2026?

Ituran declared a cash dividend of US$0.50 per share, totaling about US$10 million. According to the company, this Q1 2026 dividend will be funded from retained earnings and distributed to shareholders of record on June 24, 2026, payable July 8, 2026.

When is the record date and payment date for Ituran (ITRN) Q1 2026 dividend?

The record date is June 24, 2026, and the payment date is July 8, 2026. According to the company, shareholders holding Ituran shares on the record date will receive the approved US$0.50 per share cash dividend on the stated payment date.

What is the tax withholding rate on Ituran’s Q1 2026 dividend (NASDAQ: ITRN)?

The dividend will be subject to a 20% tax withholding rate. According to the company, this lower-than-standard rate applies because the dividend is distributed from “Preferred Income” and “Preferred Technological Income” under Israel’s Encouragement of Capital Investment Law and an Israel Tax Authority ruling.

How will Ituran’s Q1 2026 dividend affect retained earnings and liquidity?

Retained earnings will decrease from US$231.3 million to US$221.3 million after the dividend. According to the company, cash was US$108.0 million on March 31, 2026, with current assets of US$141.0 million and current liabilities of US$131.3 million, and no bank credit.

Did Ituran’s board assess legal and financial criteria before approving the Q1 2026 dividend?

Yes, the board examined distribution criteria under Israeli law before approving the dividend. According to the company, directors concluded the approximately US$10 million cash distribution will not undermine Ituran’s ability to continue its current operations, pursue future plans, or meet obligations as they fall due.

What recent dividend history did Ituran (ITRN) reference alongside the Q1 2026 payout?

Ituran highlighted a prior dividend of about US$30 million declared for Q4 2025 and paid in April 2026. According to the company, the March 31, 2026 cash balance of US$108.0 million is stated before the payment of that earlier dividend.

What does Ituran’s balance sheet look like around the Q1 2026 dividend announcement?

As of March 31, 2026, Ituran reported US$108.0 million in cash, US$141.0 million in current assets, and US$131.3 million in current liabilities. According to the company, it also had no outstanding credit from banking institutions, supporting the approved dividend distribution.