Ituran Location & Control's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ituran Location & Control (NASDAQ:ITRN) announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ITRN stock by the end of Monday's session will be eligible for the dividend payout, which will be distributed on July 12, 2023.
June 22, 2023 | 2:46 pm
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Ituran Location & Control's ex-dividend date is Tuesday, with a 15 cents per share quarterly dividend. Shareholders owning the stock by Monday's end will be eligible for the payout on July 12, 2023.
The announcement of a dividend payout typically has a neutral short-term impact on the stock price. The stock will likely open 15 cents lower on the ex-dividend date to reflect the payout, but this is a normal adjustment and not a negative signal for the company.
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