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AZOUR, Israel, May 25, 2021 /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. The Company will pay the dividend out on July 14, 2021 net of taxes at the rate of 25%. In 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 March 31, 2021, prior to the distribution was US$125.8 million and retained earnings will reach US$122.8 million after the distribution. For more information, please visit Ituran's website, at: www.ituran.comCompany Contact Udi Mizrahi [email protected] Deputy CEO &VP Finance, Ituran (Israel) +972 3 557 1348 International Investor Relations Ehud Helft / Gavriel Frohwein [email protected] GK Investor & Public Relations (US) +1 646 688 3559SOURCE Ituran Location and Control Ltd