ICL (ICL) Board approves $0.0426/share dividend; record Sep 3, 2025
Rhea-AI Filing Summary
ICL Group Ltd. announced a cash dividend on August 5, 2025. The Board declared a dividend of $0.04260 per share, approximately $55 million in aggregate. The record date is September 3, 2025 and the payment date is September 17, 2025. Shareholders paid in NIS should note the per-share amount is subject to conversion from USD to NIS using the Bank of Israel's representative rate on September 2, 2025. Payment will be made only to registered shareholders entitled to receive at least US $2. The filing discloses Israeli tax withholding: 0% for Israeli resident companies, 25% for Israeli resident individuals, and 25% or treaty rate for foreign residents. The company provides a webpage for potential refund procedures for excess withholding.
Positive
- Declared cash dividend of $0.04260 per share, totaling about $55 million
- Clear timing: record date Sept 3, 2025 and payment date Sept 17, 2025
- Currency conversion guidance for NIS payments using Bank of Israel rate on Sept 2, 2025
- Withholding tax rates disclosed and a provided link for possible refund procedures
Negative
- Dividend amount per share for NIS recipients is not final until USD-to-NIS conversion on Sept 2, 2025
- Withholding tax of 25% applies to Israeli resident individuals and many foreign residents, reducing net proceeds for some shareholders
Insights
TL;DR: Routine quarterly cash dividend of $0.04260 per share (~$55M) with standard withholding guidance; overall appears routine and neutral for valuation.
The Board's declaration of a cash dividend of $0.04260 per share, totaling about $55 million, is a direct cash return to shareholders with specified record and payment dates. The filing explicitly states currency conversion mechanics for NIS payments based on the Bank of Israel rate on September 2, 2025 and sets a minimum payable threshold of US $2 per shareholder. Israeli withholding rules are disclosed, including 25% for individuals and treaty provisions for foreign residents. This disclosure is factual and routine; it provides clarity on timing and tax treatment but includes no forward-looking financial metrics or guidance to materially change valuation.
TL;DR: Dividend resolution documented with clear compliance and tax disclosure; procedural clarity reduces shareholder uncertainty.
The Form 6-K documents the Board resolution declaring the dividend and includes incorporation-by-reference statements for related filings. It provides procedural details: record date September 3, 2025, payment September 17, 2025, and currency conversion rules for NIS payments. The filing also outlines withholding tax treatment and a link to refund procedures for affected shareholders. From a governance perspective, the disclosure is complete for this action and supports regulatory compliance. The item is procedural rather than strategically material.