Ituran Location and Control Ltd. provided an update on withholding tax procedures for its $1.50 per ordinary share dividend payable on April 16, 2026 to holders as of March 30, 2026, following a tax ruling from the Israeli Tax Authority. Eligible shareholders may apply to agent IBI Trust Management for a reduced withholding tax rate by submitting required documentation by May 9, 2026.
Key takeaways
Dividend of $1.50 per ordinary share (approximately $30 million total) payable April 16, 2026 to record date holders March 30, 2026.
Obtained Israeli Tax Authority ruling allowing certain shareholders reduced withholding tax rate versus standard 25% (or 20% for preferred income).
Initial withholding at 25% or 20%; eligible shareholders apply to IBI Trust Management during April 16 to May 9, 2026 for excess refund.
Required documentation includes tax residence proof, beneficial ownership declaration, and forms via https://form.cellosign.co/public/djE6d2Y6YTM0MGI2ZWYtMzA2My00MjhmLWE3ZjYtZDQ2ZmIzM2EzMGVjOlN0YXJ0RXZlbnRfMWl1OTBscQ==