ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control (NASDAQ: ITRN) has announced a cash dividend distribution of $0.39 per share, totaling approximately $8 million. The dividend will be paid on October 9, 2024, to shareholders of record as of September 26, 2024, with a 25% tax rate applied. The company's Board of Directors has confirmed that this distribution will not impact Ituran's ability to meet its current and future business obligations.
As of June 30, 2024, Ituran reported retained earnings of $214.2 million before the distribution, which will decrease to $206.2 million after. The company held a cash balance of $63.2 million and had minimal credit from banking institutions at $0.2 million. Ituran's current assets (excluding cash) stood at $124.2 million, with current liabilities at $91.9 million.
Ituran Location and Control (NASDAQ: ITRN) ha annunciato una distribuzione di dividendi in contante di $0.39 per azione, per un totale di circa $8 milioni. Il dividendo sarà pagato il 9 ottobre 2024, agli azionisti registrati al 26 settembre 2024, con un'aliquota fiscale del 25%. Il Consiglio di Amministrazione dell'azienda ha confermato che questa distribuzione non influirà sulla capacità di Ituran di soddisfare i propri obblighi aziendali attuali e futuri.
Alla data del 30 giugno 2024, Ituran ha riportato utili trattenuti per $214.2 milioni prima della distribuzione, che scenderanno a $206.2 milioni dopo. L'azienda deteneva un saldo di cassa di $63.2 milioni e aveva un credito minimo da istituti bancari pari a $0.2 milioni. Gli attivi correnti di Ituran (escludendo la cassa) ammontavano a $124.2 milioni, mentre le passività correnti erano di $91.9 milioni.
Ituran Location and Control (NASDAQ: ITRN) ha anunciado una distribución de dividendos en efectivo de $0.39 por acción, lo que totaliza aproximadamente $8 millones. El dividendo se pagará el 9 de octubre de 2024, a los accionistas registrados a partir del 26 de septiembre de 2024, con una tasa de impuesto del 25%. La Junta Directiva de la compañía ha confirmado que esta distribución no afectará la capacidad de Ituran para cumplir con sus obligaciones comerciales actuales y futuras.
Al 30 de junio de 2024, Ituran reportó ganancias retenidas de $214.2 millones antes de la distribución, que disminuirán a $206.2 millones después. La compañía tenía un saldo de efectivo de $63.2 millones y un crédito mínimo de $0.2 millones de instituciones bancarias. Los activos corrientes de Ituran (excluyendo el efectivo) se situaron en $124.2 millones, con pasivos corrientes de $91.9 millones.
Ituran Location and Control (NASDAQ: ITRN)은 현금 배당금 분배로 주당 $0.39, 총 약 $800만 달러를 발표했습니다. 배당금은 2024년 10월 9일에 지급되며, 2024년 9월 26일 기준으로 주주에게 지급됩니다. 25%의 세율이 적용됩니다. 회사 이사회는 이번 분배가 Ituran이 현재 및 미래의 사업 의무를 충족하는 능력에 영향을 미치지 않을 것이라고 확인했습니다.
2024년 6월 30일 현재 Ituran은 분배 전 $2억 1천 4백 20만 달러의 이익잉여금을 보고했으며, 분배 후 $2억 6천 2백 만 달러로 감소할 것입니다. 회사는 $6천 3백 20만 달러의 현금 잔고를 보유하고 있으며, 은행 기관으로부터의 최소 신용은 $20만 달러입니다. Ituran의 현재 자산(현금 제외)은 $1억 2천 4백 20만 달러이며, 현재 부채는 $9천 1백 90만 달러입니다.
Ituran Location and Control (NASDAQ: ITRN) a annoncé une distribution de dividendes en espèces de 0,39 $ par action, totalisant environ 8 millions $. Le dividende sera payé le 9 octobre 2024 aux actionnaires enregistrés à la date du 26 septembre 2024, avec un taux d'imposition de 25%. Le conseil d'administration de la société a confirmé que cette distribution n'affectera pas la capacité d'Ituran à respecter ses obligations commerciales actuelles et futures.
Au 30 juin 2024, Ituran a déclaré des bénéfices non répartis de 214,2 millions $ avant la distribution, qui descendra à 206,2 millions $ après. L'entreprise disposait d'un solde de trésorerie de 63,2 millions $ et avait un crédit minimal auprès des institutions bancaires de 0,2 million $. Les actifs courants d'Ituran (hors liquidités) étaient de 124,2 millions $, tandis que les passifs courants s'élevaient à 91,9 millions $.
Ituran Location and Control (NASDAQ: ITRN) hat eine Barausschüttung von $0,39 pro Aktie angekündigt, was insgesamt etwa $8 Millionen entspricht. Die Dividende wird am 9. Oktober 2024 an Aktionäre gezahlt, die am 26. September 2024 im Aktienregister stehen, mit einem Steuersatz von 25%. Der Vorstand des Unternehmens hat bestätigt, dass diese Ausschüttung die Fähigkeit von Ituran, seine aktuellen und zukünftigen Geschäftsverpflichtungen zu erfüllen, nicht beeinträchtigt.
Zum 30. Juni 2024 meldete Ituran ein einbehaltenes Ergebnis von $214,2 Millionen vor der Ausschüttung, das nach der Ausschüttung auf $206,2 Millionen sinken wird. Das Unternehmen hielt einen Bargeldbestand von $63,2 Millionen und hatte einen minimalen Kredit von Banken in Höhe von $0,2 Millionen. Die aktuellen Vermögenswerte von Ituran (ohne Bargeld) betrugen $124,2 Millionen, während die kurzfristigen Verbindlichkeiten bei $91,9 Millionen lagen.
- Dividend distribution of $0.39 per share, totaling $8 million
- Strong retained earnings of $214.2 million before distribution
- Healthy cash balance of $63.2 million as of June 30, 2024
- Low credit from banking institutions at $0.2 million
- Current assets ($124.2 million) exceed current liabilities ($91.9 million)
- Reduction in retained earnings from $214.2 million to $206.2 million after distribution
AZOUR,
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 abovementioned 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, 2024, prior to the distribution was
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
Ituran's subscriber base has been growing significantly since the Company's inception to over 2.3 million subscribers using its location-based services with a market leading position in
For more information, please visit Ituran's website, at: www.ituran.com.
Logo: https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg
Company Contact Udi Mizrahi
udi_m@ituran.com
Deputy CEO &VP Finance, Ituran
(
International Investor Relations
Ehud Helft
ituran@ekgir.com
EK Global Investor Relations
(US) +1 212 378 8040
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SOURCE Ituran Location and Control Ltd
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