Ituran Location And Control ( (ITRN) ) has issued an announcement.
On February 26, 2025, Ituran Location and Control Ltd. announced a dividend distribution of $10 million for the fourth quarter of 2024, with a per-share dividend of $0.50, payable on April 3, 2025. This decision aligns with the company’s updated dividend policy, which increases the quarterly dividend by 25%. The Board of Directors confirmed that the distribution would not affect the company’s operational capabilities or future plans, maintaining a strong financial position with retained earnings of $216.1 million post-distribution.
More about Ituran Location And Control
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.
YTD Price Performance: 28.95%
Average Trading Volume: 151,614
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $816M
See more data about ITRN stock on TipRanks’ Stock Analysis page.