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AZOUR, Israel, Feb. 28, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.14 per share, totaling approximately US$3 million. Ituran Location and Control LogoIn its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. Retained earnings as of December 31, 2022, prior to the distribution was US$169.0 million and retained earnings will reach US$166.0 million after the distribution. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. For more information, please visit Ituran's website, at: www.ituran.comCompany ContactUdi Mizrahiudim@ituran.comDeputy CEO & VP Finance, Ituran(Israel) +972 3 557 1348International Investor RelationsEhud Helftituran@ekgir.comEK Global Investor Relations(US) +1 212 378 8040Logo - https://mma.prnewswire.com/media/1972820/Ituranlogo.jpgCisionView original content:https://www.prnewswire.com/news-releases/ituran-location-and-control-ltd-announces-distribution-of-a-3-million-dividend-301757836.htmlSOURCE Ituran Location and Control Ltd.