ICL Group (ICL) sets $0.0465 dividend and March 25, 2026 payout
Rhea-AI Filing Summary
ICL Group Ltd. reports that its board declared a cash dividend of $0.04650 per share, totaling about $60 million. Some shareholders will receive payment in New Israeli Shekels, based on the Bank of Israel’s representative exchange rate on March 9, 2026, so the final local-currency amount per share may change.
The dividend is payable only to registered shareholders entitled to receive at least $2, with a record date of March 10, 2026 and payment date of March 25, 2026. Israeli withholding tax will apply at different rates to roughly 62% and 38% portions of the dividend, with rates for individuals generally between 20% and 25%, and foreign investors potentially benefiting from applicable tax treaties.
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Insights
ICL declares a roughly $60M cash dividend with tiered tax treatment.
ICL Group Ltd. is distributing a cash dividend of $0.04650 per share, or about $60 million. This shows a willingness to return cash to shareholders while maintaining enough flexibility to denominate payments in either U.S. dollars or New Israeli Shekels.
The company details complex withholding tax treatment. About 62% of the dividend is taxed at up to 25% for Israeli individuals and foreign holders, while about 38% is generally taxed at 20% for those groups. Israeli resident companies are not subject to withholding on either portion.
Key operational dates are the Bank of Israel exchange rate on March 9, 2026, the record date on March 10, 2026, and the payment date on March 25, 2026. These dates determine eligibility, local-currency amounts, and when shareholders actually receive the distribution.