Locater Approves Dividend

November 26, 2019

 

Ituran Location and Control Ltd. announced that the board of directors approved the distribution of a cash dividend in the amount of $0.24 per share, totaling approximately $5 million. The dividend will be paid Jan. 9, to shareholders of record as of Dec. 24.

Retained earnings at Sept. 30 was $136.8 million; current assets (excluding cash and cash equivalents) were $122.7 million and current liabilities were $102.7 million.

 

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