ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control (NASDAQ: ITRN) announced a cash dividend of $0.39 per share, totaling $8 million. The dividend will be paid on January 8, 2025, to shareholders of record as of December 23, 2024, with a 25% tax rate. The company's financial position shows strong fundamentals with retained earnings of $220.1 million (pre-distribution), cash balance of $67.5 million, current assets of $123.1 million (excluding cash), and minimal credit from banking institutions at $0.2 million. The Board confirmed this distribution won't affect the company's business operations or future plans.
Ituran Location and Control (NASDAQ: ITRN) ha annunciato un dividendo in contante di $0,39 per azione, per un totale di $8 milioni. Il dividendo sarà pagato il 8 gennaio 2025, agli azionisti registrati al 23 dicembre 2024, con un'aliquota fiscale del 25%. La posizione finanziaria dell'azienda mostra fondamentali solidi con utili non distribuiti di $220,1 milioni (prima della distribuzione), un saldo di cassa di $67,5 milioni, attivi correnti di $123,1 milioni (escludendo la liquidità) e un credito minimo dalle istituzioni bancarie di $0,2 milioni. Il Consiglio ha confermato che questa distribuzione non influirà sulle operazioni aziendali o sui piani futuri dell'azienda.
Ituran Location and Control (NASDAQ: ITRN) anunció un dividendo en efectivo de $0.39 por acción, totalizando $8 millones. El dividendo se pagará el 8 de enero de 2025 a los accionistas registrados hasta el 23 de diciembre de 2024, con una tasa impositiva del 25%. La posición financiera de la empresa muestra fundamentos sólidos con ganancias retenidas de $220.1 millones (previo a la distribución), un saldo de efectivo de $67.5 millones, activos corrientes de $123.1 millones (excluyendo efectivo) y un crédito mínimo de $0.2 millones de las instituciones bancarias. La Junta confirmó que esta distribución no afectará las operaciones comerciales de la empresa ni sus planes futuros.
Ituran Location and Control (NASDAQ: ITRN)는 주당 $0.39의 현금 배당금을 발표하였으며, 총 $8백만에 달합니다. 배당금은 2025년 1월 8일에 2024년 12월 23일 기준 주주에게 지급되며, 세금률은 25%입니다. 회사의 재무 상태는 유보 이익이 $220.1백만(분배 전), 현금 잔액이 $67.5백만, 현금 제외 현재 자산이 $123.1백만, 그리고 은행 기관으로부터의 최소 신용이 $0.2백만인 등 강력한 기초 체력을 보여줍니다. 이사회는 이번 배당금이 회사의 운영이나 향후 계획에 영향을 미치지 않을 것이라고 확인했습니다.
Ituran Location and Control (NASDAQ: ITRN) a annoncé un dividende en espèces de 0,39 $ par action, totalisant 8 millions $. Le dividende sera payé le 8 janvier 2025 aux actionnaires inscrits au 23 décembre 2024, avec un taux d'imposition de 25 %. La position financière de l'entreprise montre des fondamentaux solides avec des bénéfices non distribués de 220,1 millions $ (avant distribution), un solde de trésorerie de 67,5 millions $, des actifs courants de 123,1 millions $ (hors liquidités) et un crédit minimal des institutions bancaires s'élevant à 0,2 million $. Le Conseil a confirmé que cette distribution n'affectera pas les opérations commerciales de l'entreprise ni ses projets futurs.
Ituran Location and Control (NASDAQ: ITRN) hat eine Barsdividende von 0,39 $ pro Aktie angekündigt, insgesamt 8 Millionen $. Die Dividende wird am 8. Januar 2025 an die Aktionäre ausgezahlt, die am 23. Dezember 2024 registriert sind, mit einem Steuersatz von 25 %. Die finanzielle Position des Unternehmens zeigt solide Grundlagen mit einbehaltenen Gewinnen von 220,1 Millionen $ (vor Verteilung), einem Kassenstand von 67,5 Millionen $ und Umlaufvermögen von 123,1 Millionen $ (ohne Bargeld) sowie minimalen Krediten von Banken in Höhe von 0,2 Millionen $. Der Vorstand bestätigte, dass diese Ausschüttung die Geschäftstätigkeit oder zukünftige Pläne des Unternehmens nicht beeinträchtigen wird.
- Strong retained earnings of $220.1 million
- Healthy cash balance of $67.5 million
- Robust current assets of $123.1 million
- Minimal debt with only $0.2 million in banking credit
- $8 million dividend distribution to shareholders
- None.
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 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 September 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
Company Contact Udi Mizrahi Deputy CEO &VP Finance, Ituran ( | International Investor Relations Ehud Helft EK Global Investor Relations (US) +1 212 378 8040 |
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SOURCE Ituran Location and Control Ltd.
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