Ituran Location and Control Ltd. Approves Cash Dividend, Payable on July 12, 2023
May 24, 2023 at 05:00 pm IST
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Ituran Location and Control Ltd. announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.15 per share, totaling approximately $3 million. The dividend will be paid to shareholders of record as of June 28, 2023. The Company will pay the dividend out on July 12, 2023 net of taxes at the rate of 25%.
Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications. Its operations consist of two segments: location-based services and wireless communications products. Its location-based services segment consists of its SVR and tracking services, fleet management and value-added services consisted of personal locater services and concierge services. Its wireless communications products segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location (AVL) and automatic vehicle identification. It primarily provides its services, as well as sells and leases its products in Israel, Brazil, Argentina and the United States.