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Eltek Declares a Cash Dividend of $0.19 per Share

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Eltek (NASDAQ: ELTK) has announced a cash dividend of $0.19 per share, totaling approximately $1.3 million. The dividend will be paid on April 29, 2025, to shareholders of record as of April 22, 2025, and is subject to a 25% withholding tax.

According to Chairman Yitzhak Nissan, this dividend payment exceeds the company's standard dividend policy, demonstrating strong financial position and confidence in future growth. The decision aims to reward shareholder trust while maintaining financial stability for future opportunities.

Eltek (NASDAQ: ELTK) ha annunciato un dividendo in contante di $0,19 per azione, per un totale di circa $1,3 milioni. Il dividendo sarà pagato il 29 aprile 2025 agli azionisti registrati al 22 aprile 2025 e sarà soggetto a una ritenuta fiscale del 25%.

Secondo il presidente Yitzhak Nissan, questo pagamento di dividendi supera la politica standard della società, dimostrando una solida posizione finanziaria e fiducia nella crescita futura. La decisione mira a premiare la fiducia degli azionisti mantenendo al contempo la stabilità finanziaria per future opportunità.

Eltek (NASDAQ: ELTK) ha anunciado un dividendo en efectivo de $0.19 por acción, totalizando aproximadamente $1.3 millones. El dividendo se pagará el 29 de abril de 2025 a los accionistas registrados hasta el 22 de abril de 2025, y estará sujeto a un impuesto de retención del 25%.

Según el presidente Yitzhak Nissan, este pago de dividendos supera la política de dividendos estándar de la empresa, demostrando una sólida posición financiera y confianza en el crecimiento futuro. La decisión tiene como objetivo recompensar la confianza de los accionistas mientras se mantiene la estabilidad financiera para futuras oportunidades.

Eltek (NASDAQ: ELTK)는 주당 $0.19의 현금 배당금을 발표했으며, 총액은 약 $1.3백만입니다. 배당금은 2025년 4월 29일에 지급되며, 2025년 4월 22일 기준 주주에게 지급되며, 25%의 원천징수세가 적용됩니다.

회장 Yitzhak Nissan에 따르면, 이번 배당금 지급은 회사의 표준 배당 정책을 초과하며, 강력한 재무 상태와 미래 성장에 대한 신뢰를 보여줍니다. 이 결정은 주주들의 신뢰에 보답하고, 미래 기회를 위한 재무 안정을 유지하는 것을 목표로 합니다.

Eltek (NASDAQ: ELTK) a annoncé un dividende en espèces de 0,19 $ par action, totalisant environ 1,3 million $. Le dividende sera versé le 29 avril 2025 aux actionnaires enregistrés au 22 avril 2025, et sera soumis à une retenue à la source de 25 %.

Selon le président Yitzhak Nissan, ce paiement de dividende dépasse la politique de dividende standard de l'entreprise, démontrant une solide position financière et une confiance dans la croissance future. La décision vise à récompenser la confiance des actionnaires tout en maintenant la stabilité financière pour de futures opportunités.

Eltek (NASDAQ: ELTK) hat eine Bar-Dividende von 0,19 $ pro Aktie angekündigt, die insgesamt etwa 1,3 Millionen $ beträgt. Die Dividende wird am 29. April 2025 an die zum 22. April 2025 registrierten Aktionäre ausgezahlt und unterliegt einer Quellensteuer von 25 %.

Laut dem Vorsitzenden Yitzhak Nissan übersteigt diese Dividendenzahlung die Standard-Dividendenpolitik des Unternehmens und zeigt eine starke finanzielle Position sowie Vertrauen in zukünftiges Wachstum. Die Entscheidung zielt darauf ab, das Vertrauen der Aktionäre zu belohnen und gleichzeitig die finanzielle Stabilität für zukünftige Chancen zu wahren.

Positive
  • Dividend payment of $0.19 per share ($1.3M total)
  • Dividend exceeds company's standard policy
  • Strong financial position indicated by above-policy dividend
Negative
  • 25% withholding tax applies to dividend

PETACH-TIKVA, Israel, April 8, 2025 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that its Board of Directors has declared a cash dividend in the amount of US$0.19 per share and approximately US$1.3 million in the aggregate. The dividend is payable on April 29, 2025, in US dollars, to all of the Company's shareholders of record as of April 22, 2025. The dividend is subject to a withholding tax at the rate of 25%.

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"Eltek's Board of Directors has approved a dividend payment that exceeds the Company's dividend policy, reflecting our deep appreciation for the continued trust and support of our shareholders. This decision underscores our strong financial position and confidence in the Company's future growth. This special measure aligns with our dedication to delivering long-term value while maintaining a solid financial foundation for future opportunities," said Yitzhak Nissan, Chairman of the Board Directors of Eltek.

About Eltek

Eltek – "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs) and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high-quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.

Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiary in North America and by agents and distributors in Europe, India, South Africa and South America.

For more information, visit Eltek's web site at www.nisteceltek.com

Forward Looking Statement

Some of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of Israel's continuing war against Hamas and Hezbollah, the impact of the Coronavirus on the economy and our operations, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company's Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission. Any forward-looking statements set forth in this press release speak only as of the date of this press release. The information found on our website is not incorporated by reference into this press release and is included for reference purposes only.

Investor Contact

Ron Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023

Logo: https://mma.prnewswire.com/media/881148/Eltek_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/eltek-declares-a-cash-dividend-of-0-19-per-share-302423170.html

SOURCE Eltek Ltd.

FAQ

When will Eltek (ELTK) pay its recently announced dividend?

Eltek will pay the $0.19 per share dividend on April 29, 2025.

What is the record date for Eltek's (ELTK) April 2025 dividend?

The record date is April 22, 2025.

How much is Eltek's (ELTK) total dividend distribution for April 2025?

The total dividend distribution is approximately $1.3 million.

What is the withholding tax rate for Eltek's (ELTK) April 2025 dividend?

The dividend is subject to a 25% withholding tax.

Why did Eltek (ELTK) declare a higher than usual dividend in April 2025?

The higher dividend reflects strong financial position, confidence in future growth, and appreciation for shareholder support.
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