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Ituran Location and Control (NASDAQ: ITRN) sets $10M Q2 2026 dividend payout

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ituran Location and Control Ltd. declared a second-quarter 2026 cash dividend of $0.50 per share, totaling approximately US$10 million. Shareholders of record on September 29, 2026 will receive payment on October 14, 2026.

The dividend will be paid net of 20% tax, a lower rate as it is distributed from “Preferred Income” and/or “Preferred Technological Income” under the Encouragement of Capital Investment Law and an Israel Tax Authority ruling. Retained earnings were US$238.7 million as of June 30, 2026 before this dividend and are expected to be US$228.7 million after.

The Board stated that the distribution meets Israeli law distribution criteria and will not undermine ongoing operations or future plans. As of June 30, 2026, the company reported US$103.7 million in cash, no bank credit, current assets (excluding cash) of US$144.5 million, and current liabilities of US$122.4 million.

Positive

  • $10 million Q2 2026 cash dividend declared, equal to $0.50 per share, signaling continued shareholder cash returns.
  • Company highlights a strong balance sheet with US$103.7 million cash, no bank credit, and current assets of US$144.5 million versus current liabilities of US$122.4 million.
  • Even after the dividend, retained earnings remain high at US$228.7 million, supporting ongoing and future business activities.

Negative

  • None.
Dividend per share $0.50 per share Cash dividend for the second quarter of 2026
Total dividend amount US$10 million Approximate total Q2 2026 dividend distribution
Dividend tax rate 20% Withholding rate on the Q2 2026 dividend from Preferred Income/Preferred Technological Income
Retained earnings before dividend US$238.7 million As of June 30, 2026, prior to Q2 dividend distribution
Retained earnings after dividend US$228.7 million As of June 30, 2026, after reflecting Q2 dividend
Cash balance US$103.7 million Cash on hand as of June 30, 2026, before Q1 2026 dividend payment
Current assets (excl. cash) US$144.5 million Current assets excluding cash and cash equivalents as of June 30, 2026
Current liabilities US$122.4 million Current liabilities as of June 30, 2026
Preferred Technological Income financial
"distributed from "Preferred Income" and/or "Preferred Technological Income", as defined under"
Encouragement of Capital Investment Law regulatory
"as defined under the Encouragement of Capital Investment Law and the provisions"
distribution criteria regulatory
"examined whether the Company meets the distribution criteria according to Israeli law"
current assets financial
"the Company’s current assets (excluding cash and cash equivalents) were in the sum"
cash dividend financial
"approved the distribution of a cash dividend in the amount of $0.50 per share"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.

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

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FAQ

What dividend did Ituran (ITRN) declare for the second quarter of 2026?
Ituran declared a cash dividend of $0.50 per share, totaling approximately US$10 million. The company notes this follows a prior ~US$10 million dividend paid for the first quarter of 2026.

What are the record date and payment date for Ituran’s Q2 2026 dividend?
The record date is September 29, 2026, and the dividend will be paid on October 14, 2026. Only shareholders of record on the record date are entitled to receive the dividend.

What tax rate applies to Ituran’s Q2 2026 dividend?
The dividend will be paid net of 20% tax, which is described as lower than the standard rate. This reduced rate applies because the dividend is from “Preferred Income” and/or “Preferred Technological Income” under Israeli law and a tax ruling.

How will the Q2 2026 dividend affect Ituran’s retained earnings?
Retained earnings were US$238.7 million as of June 30, 2026, before the dividend. After distributing approximately US$10 million, retained earnings are expected to be US$228.7 million, leaving a substantial equity cushion.

What is Ituran’s liquidity position around the time of this dividend?
As of June 30, 2026, Ituran reported US$103.7 million in cash, no outstanding bank credit, current assets (excluding cash) of US$144.5 million, and current liabilities of US$122.4 million, supporting the Board’s dividend approval decision.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
 
FORM 6-K
 
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
 
For the month of August 2026
 
Commission File Number 001-32618
 
Ituran Location and Control Ltd.
(Exact name of Registrant as specified in its Charter)
________________________
 
3 Hashikma Street, Azour 58001, Israel
(Address of Registrant’s principal executive offices)
________________________
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):

Yes ☐     No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):

Yes ☐     No ☒

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐     No ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______

 
On August 12, 2026, Ituran Location and Control Ltd. issued a press release announcing the dividend record date. A copy of this press release is annexed hereto as Exhibit 99.1.
 

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
 
 
ITURAN LOCATION & CONTROL LTD.
                            (Registrant)

By: /s/ Eyal Sheratzky  
       Name: Eyal Sheratzky
       Title:   Co-Chief Executive Officer

Date: August 12, 2026
EXHIBIT INDEX
 
Exhibit 99.1 Item
  
 
Press Release, dated August 12, 2026, announcing the dividend record date.

Exhibit 99.1

ITURAN LOCATION AND CONTROL LTD

Announces Dividend Distribution of $10 Million for the Second
Quarter of 2026
 
Azour, Israel, August 12, 2026 – 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
  
International Investor Relations
Udi Mizrahi
udi m@ituran.com
Deputy CEO &VP Finance, Ituran
(Israel) +972 3 557 1348
  
Ehud Helft
ituran@ekgir.com
EK Global Investor Relations
(US) +1 212 378 8040

Source: View Original Filing on SEC EDGAR

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