Ituran Declares $8 Million Dividend Payout

Ituran Location And Control (ITRN) has released an update.

Ituran Location and Control Ltd. has announced a generous cash dividend of $0.39 per share, amounting to a total payout of around $8 million, set to be distributed on October 9, 2024. The Board has thoroughly reviewed the company’s financials, ensuring that this dividend does not compromise Ituran’s operational or financial stability. Prior to this announcement, Ituran reported strong financials with retained earnings of $214.2 million and a cash balance of $63.2 million, reinforcing the company’s robust financial health.

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