NasdaqGS:ITRNCommunications
The Bull Case For Ituran Location and Control (ITRN) Could Change Following Dividend Hike And Completed Buyback
Ituran Location and Control Ltd. reported past second-quarter 2026 results showing higher revenue of US$104.79 million and net income of US$17.33 million year over year, and its Board approved a US$0.50 per-share cash dividend totaling about US$10 million, paid on October 14, 2026 to holders of record on September 29, 2026.
Alongside these earnings, the completion of a multi-year buyback of 1,061,286 shares for US$28.92 million underscores management’s ongoing use of cash to return capital...