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

Q: What dividend did Ituran Location and Control (NASDAQ: ITRN) declare for Q2 2026?

Ituran declared a cash dividend of $0.50 per share , totaling about $10 million for the second quarter of 2026. According to Ituran, this dividend is distributed from “Preferred Income” and/or “Preferred Technological Income” under Israeli law and a tax ruling.

Q: When is the record date and payment date for Ituran’s Q2 2026 dividend (ITRN)?

The record date for Ituran’s Q2 2026 dividend is September 29, 2026 , and the payment date is October 14, 2026 . According to Ituran, shareholders of record on the record date will receive the dividend on the stated payment date.

Q: What tax withholding rate applies to Ituran’s Q2 2026 dividend (NASDAQ: ITRN)?

The dividend will be subject to a 20% withholding tax rate. According to Ituran, this lower-than-standard rate is based on a ruling from the Israel Tax Authority, as the dividend comes from “Preferred Income” and/or “Preferred Technological Income”.

Q: How will Ituran’s Q2 2026 dividend affect retained earnings and cash (ITRN)?

The dividend is expected to reduce retained earnings from $238.7 million to about $228.7 million . According to Ituran, cash on hand was $103.7 million as of June 30, 2026, before this Q2 dividend and a previously declared Q1 dividend payment.

Q: What is Ituran’s financial position around the Q2 2026 dividend announcement (ITRN)?

As of June 30, 2026, Ituran reported $103.7 million in cash, current assets (excluding cash) of $144.5 million , and current liabilities of $122.4 million . According to Ituran, the company also had no outstanding credit from banking institutions.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Ituran Location and Control (NASDAQ: ITRN) declared a cash dividend of $0.50 per share, totaling about $10 million, for the second quarter of 2026. The dividend will be paid on October 14, 2026 to shareholders of record on September 29, 2026.

According to the company, the dividend will be subject to a 20% withholding tax under an Israel Tax Authority ruling, as it is distributed from “Preferred Income” and/or “Preferred Technological Income”. Retained earnings were $238.7 million before and are expected to be $228.7 million after the distribution, with a $103.7 million cash balance and no bank credit as of June 30, 2026.

Positive

$0.50 per share dividend, approximately $10 million total for Q2 2026
Dividend withholding tax set at a reduced 20% rate under ITA ruling
Retained earnings remain high at about $228.7 million after dividend
Cash balance of $103.7 million and no outstanding bank credit on June 30, 2026

Negative

Dividend distribution reduces retained earnings by approximately $10 million

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/12/2026 - 07:30 AM

AZOUR, Israel, Aug. 12, 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 September 29, 2026. The Company will pay the dividend out on October 14, 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 June 30, 2026, prior to the distribution were US$ 238.7 million and retained earnings will reach US$ 228.7 million after the distribution. The Board of Directors emphasized that as of June 30, 2026, the Company had a cash balance in hand of US$ 103.7 million (this amount is prior to the payment of a dividend of approximately US$10 million which was declared for the first quarter 2026 and was paid out in July 2026). The Company had no outstanding credit from banking institutions. As of June 30, 2026, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$144.5 million and current liabilities were in the sum of US$ 122.4 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 2.7 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, Colombia, 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

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SOURCE Ituran Location and Control Ltd.

FAQ

What dividend did Ituran Location and Control (NASDAQ: ITRN) declare for Q2 2026?

Ituran declared a cash dividend of $0.50 per share, totaling about $10 million for the second quarter of 2026. According to Ituran, this dividend is distributed from “Preferred Income” and/or “Preferred Technological Income” under Israeli law and a tax ruling.

When is the record date and payment date for Ituran’s Q2 2026 dividend (ITRN)?

The record date for Ituran’s Q2 2026 dividend is September 29, 2026, and the payment date is October 14, 2026. According to Ituran, shareholders of record on the record date will receive the dividend on the stated payment date.

What tax withholding rate applies to Ituran’s Q2 2026 dividend (NASDAQ: ITRN)?

The dividend will be subject to a 20% withholding tax rate. According to Ituran, this lower-than-standard rate is based on a ruling from the Israel Tax Authority, as the dividend comes from “Preferred Income” and/or “Preferred Technological Income”.

How will Ituran’s Q2 2026 dividend affect retained earnings and cash (ITRN)?

The dividend is expected to reduce retained earnings from $238.7 million to about $228.7 million. According to Ituran, cash on hand was $103.7 million as of June 30, 2026, before this Q2 dividend and a previously declared Q1 dividend payment.

Did Ituran’s board assess its ability to pay the Q2 2026 dividend (ITRN)?

Yes. According to Ituran, the Board of Directors examined the distribution criteria under Israeli law and concluded the dividend will not impair the company’s ability to continue its current operations, future plans, or meet obligations as they fall due.

What is Ituran’s financial position around the Q2 2026 dividend announcement (ITRN)?

As of June 30, 2026, Ituran reported $103.7 million in cash, current assets (excluding cash) of $144.5 million, and current liabilities of $122.4 million. According to Ituran, the company also had no outstanding credit from banking institutions.