Ituran (NASDAQ: ITRN) sets $0.50 Q1 2026 dividend totaling $10M
Rhea-AI Filing Summary
Ituran Location and Control Ltd. reported that its board approved a first-quarter 2026 cash dividend of $0.50 per share, totaling about $10 million. Shareholders of record on June 24, 2026 will receive payment on July 8, 2026, with 20% tax withholding under a favorable Israeli tax ruling.
The board reviewed Israeli law distribution tests and concluded the dividend will not harm ongoing operations or future plans. Retained earnings were $231.3 million as of March 31, 2026 and are expected to be $221.3 million after the payout. At that date, Ituran held $108.0 million in cash, had no bank credit, current assets (excluding cash) of $141.0 million, and current liabilities of $131.3 million.
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Key Figures
Key Terms
Preferred Income financial
Preferred Technological Income financial
Encouragement of Capital Investment Law regulatory
retained earnings financial
current assets financial
current liabilities financial
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
May 26, 2026
Commission File Number: 001-32618
Ituran Location and Control Ltd.
(Exact name of Registrant as specified in its Charter)
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3 Hashikma Street, Azour 58001, Israel
(Address of Registrant’s principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Form 20-F ☒ Form 40-F ☐
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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):
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Yes ☐ No ☒
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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):
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Yes ☐ No ☒
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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.
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Yes ☐ No ☒
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| If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______ |
| 99.1 | On May 26, 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) |
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| By: | /s/ Eyal Sheratzky | ||
| Name: |
Eyal Sheratzky | ||
| Title: | Co-Chief Executive Officer | ||
Date: May 26, 2026
EXHIBIT INDEX
| Exhibit | Item |
| 99.1 | Press Release, dated May 26, 2026, announcing the dividend record date. |
Exhibit 99.1
ITURAN LOCATION AND CONTROL LTD
Announces Dividend Distribution of $10 Million for the First Quarter of 2026
Azour, Israel, May 26, 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$10 million. The dividend will be paid to shareholders of record as of June 24, 2026. The Company will pay the dividend out on July 8, 2026, net of taxes at the rate of 20% (a lower rate than standard) as the dividend is distributed from "Preferred Income" and/or "Preferred Technological Income", as defined under the Encouragement of Capital Investment Law and the provisions of a tax ruling (the “Ruling”) received from the Israel Tax Authority (the “ITA”) with respect to the tax withholding rate upon dividend distribution.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company’s ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.
Retained earnings as of March 31, 2026, prior to the distribution were US$ 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
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Company Contact Udi Mizrahi udi_m@ituran.com Deputy CEO &VP Finance, Ituran (Israel) +972 3 557 1348
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International Investor Relations Ehud Helft ituran@ekgir.com EK Global Investor Relations (US) +1 212 378 8040
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