ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the Second Quarter of 2025

Company Overview - Ituran Location and Control Ltd. is a leader in mobility technology, providing location-based services including stolen vehicle recovery and fleet management [4] - The company has a significant presence in Latin America and Israel, with over 2.5 million subscribers using its services [5] - Ituran was established in 1995 and employs approximately 2,800 people globally, with offices in multiple countries [5] Financial Highlights - The Board of Directors approved a cash dividend of $0.50 per share, totaling approximately $10 million, to be paid on October 10, 2025 [1] - As of June 30, 2025, retained earnings were $234.3 million, which will decrease to $224.3 million after the dividend distribution [3] - The company had a cash balance of $88.7 million as of June 30, 2025, and no outstanding credit from banking institutions [3] Dividend Distribution - The dividend will be distributed to shareholders of record as of September 25, 2025, and will be subject to a 25% tax [1][2] - The Board confirmed that the dividend distribution will not affect the company's operational capabilities or future plans [2]