Workflow
Mobility Technology
icon
Search documents
ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the Second Quarter of 2025
Prnewswire· 2025-08-19 11:30
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]
Magna International Inc. Announces Date for Second Quarter 2025 Results
Globenewswire· 2025-07-02 21:00
Core Viewpoint - Magna International Inc. will announce its second quarter 2025 results on August 1, 2025, at 8:00 AM EDT, with a live audio webcast available for participants [1]. Group 1: Event Details - The conference call will include a slide presentation available on the company's investor website prior to the call [2]. - A replay of the call will be available two hours after the event and will expire on August 8, 2025, at 11:59 PM EDT [3]. Group 2: Company Overview - Magna is one of the world's largest automotive suppliers, operating as a mobility technology company with approximately 167,000 employees across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries [3]. - The company has over 65 years of expertise in the automotive industry, positioning itself uniquely to advance mobility in an evolving transportation landscape [3].