Key Highlights

● Ituran will pay its second-quarter Dividend of $0.50 per share on 14 October 2026 to holders of record on 29 September, net of Israeli Withholding tax at 20%.

● Second-quarter Revenue rose 21% to $104.8 million, Operating Income rose 30% to $23.8 million and Net Income rose 29% to $17.3 million.

● The subscriber base grew by 41,000 in the quarter to about 2.71 million, and subscription gross Margin was 58.8%.

● The company held net cash of about $103.7 million with no debt, and market data show an annual dividend of $2.00 per share and a trailing Yield of about 5.71%.

Ituran Location and Control (NASDAQ:ITRN) is set to pay its second-quarter dividend of $0.50 per share on 14 October 2026, a timely reminder of why the Israeli telematics provider often appears on income-focused screens. The payout follows record quarterly results in August, when revenue and profits both climbed by more than 20%. Ituran’s ordinary shares trade on Nasdaq, making it a constituent of the Nasdaq Composite, which includes foreign issuers listed on the exchange. As an Israel-based company, it is not part of the U.S.-focused Russell or S&P domestic indices.

Latest Company Context

Ituran reported second-quarter 2026 results on 12 August. Revenue rose 21% year on year to $104.8 million, with subscription revenue up 25% to $79.8 million and product revenue up 8% to $25.0 million. Operating income increased 30% to $23.8 million, net income rose 29% to $17.3 million, and Diluted Earnings per Share reached $0.88. EBITDA, or earnings before interest, taxes, Depreciation and amortization, was $28.5 million. The subscriber base expanded by 41,000 during the quarter to about 2.71 million.

Cash flow from operations was $32.2 million, and the company held net cash, including marketable securities, of about $103.7 million with no debt. Ituran repurchased $3.0 million of shares in the quarter and has around $10 million of buyback authorisation remaining. The company did not issue formal financial guidance, although co-CEO Eyal Sheratzky said management remains confident in its ability to deliver continued growth and profitability throughout 2026. The quarterly dividend of about $10 million was declared alongside the results, with the board citing strong profitability, positive Cash Flow and the balance sheet.

Key Business and index Drivers

Ituran sells stolen-vehicle recovery, fleet management and connected-car services, mainly in Israel and Latin America, with Brazil a key market. Most revenue comes from monthly subscriptions, which provide visibility and, in the latest quarter, a gross margin of 58.8% on subscription revenue, up from 57.9% a year earlier. Partnerships with car makers, known as OEM agreements, feed new subscribers by fitting Ituran devices at the factory.

Co-CEO Eyal Sheratzky said operating income, EBITDA and net income all grew faster than revenue, pointing to operating leverage, meaning costs rising more slowly than sales. Newer initiatives include the IturanMob mobility platform’s U.S. expansion, a carbon-credit project and data analytics. For the stock, currency moves matter: results are reported in dollars while much revenue is earned in shekels and Brazilian reais. According to market data as of early October 2026, Ituran’s annual dividend is $2.00 per share ($0.50 quarterly) with a trailing twelve-month yield of about 5.71%.

What Investors Should Watch

The immediate event is the 14 October dividend payment to holders of record on 29 September; the company noted the payout will be made net of Israeli withholding tax at 20%. Third-quarter results, for which no date had been announced at the time of writing, could show whether net subscriber additions hold near the 41,000 level and whether margins continue to widen. Investors may also monitor new OEM contracts, progress of IturanMob in the U.S., and the pace of share buybacks. Exchange-rate trends in Brazil and Israel, along with regional security conditions in Israel, are external factors that could influence reported results and sentiment.

Subscriber Growth and the Next Distribution

Ituran combines a debt-free balance sheet, recurring subscription revenue and a regular $10 million quarterly distribution, features that have kept it on the radar of dividend-oriented investors within the Nasdaq Composite. Confirmed results show accelerating profit growth, while management’s confidence in continued growth through 2026 remains a company view rather than formal guidance. Subscriber additions near the 41,000 mark and the margin trend in the third-quarter report will show how much of the second-quarter momentum carries over.