Ituran announces Q4 dividend distribution of 50c per share, or $10M

Ituran (ITRN) Location and Control announced that the Board of Directors approved the distribution of a cash dividend in the amount of 50c per share, totaling approximately $10M. The dividend will be paid to shareholders of record as of March 20. The company will pay the dividend out on April 3, net of taxes at the rate of 25%.