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

1. Ituran will distribute a $0.50 cash dividend per share. 2. Total dividend payout will be approximately $10 million. 3. Company retains strong cash balance of $88.7 million post-dividend. 4. Retained earnings will decrease to $224.3 million after the payout. 5. Ituran's subscriber base exceeds 2.5 million, indicating growth.

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FAQ

Why Bullish?

The dividend announcement reflects strong financial management and shareholder value prioritization, akin to other growth companies like Apple that have successfully issued dividends while maintaining business growth.

How important is it?

Dividend announcements are critical as they indicate financial health and a commitment to shareowner returns, boosting investor confidence.

Why Short Term?

The immediate effect of a dividend often influences stock prices positively, similar to dividend announcements from companies like Coca-Cola which tend to create short-lived price surges.

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, /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.50 per share, totaling approximately US$ 10 million. The dividend will be paid to shareholders of record as of September 25, 2025. The Company will pay the dividend out on October 10, 2025, net of taxes at the rate of 25%. In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due. Retained earnings as of June 30, 2025, prior to the distribution was US$ 234.3 million and retained earnings will reach US$ 224.3 million after the distribution. The Board of Directors emphasized that as of June 30, 2025, the Company had a cash balance in hand of US$ 88.7 million (this amount is prior to the payment of a dividend of approximately US$ 10 million which was issued for the first quarter 2025 and was paid out in July 2025). The Company had no outstanding credit from banking institutions. As of June 30, 2025, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$ 132.9 million and current liabilities were in the sum of US$ 98.3 million. About Ituran Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology. Ituran's subscriber base has been growing significantly since the Company's inception to over 2.5 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States. For more information, please visit Ituran's website, at: www.ituran.com Company Contact Udi Mizrahi [email protected] Deputy CEO &VP Finance, Ituran (Israel) +972 3 557 1348  International Investor Relations Ehud Helft [email protected] EK Global Investor Relations (US) +1 212 378 8040  Logo - https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg SOURCE Ituran Location and Control Ltd. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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