Core Viewpoint - Ituran Location and Control Ltd. has announced a cash dividend distribution of $0.50 per share, totaling approximately $10 million, to be paid on July 2, 2025, to shareholders of record as of June 18, 2025 [1][2]. Financial Summary - The Board of Directors confirmed that the dividend distribution complies with Israeli law and will not affect the company's operational capabilities or future plans [2]. - Retained earnings before the dividend distribution were $230.7 million, which will decrease to $220.7 million post-distribution [3]. - As of March 31, 2025, the company had a cash balance of $75.7 million and no bank credit, with current assets (excluding cash) totaling $125.7 million and current liabilities at $93.3 million [3]. Company Overview - Ituran is a leader in mobility technology, providing location-based services such as Stolen Vehicle Recovery and fleet management, primarily in Israel and Latin America [4]. - The company has a subscriber base exceeding 2.5 million and operates in over 20 countries, employing approximately 2,800 people globally [5].