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TEL AVIV - ICL (TASE:ICL) Group Ltd. (NYSE:ICL), a global specialty minerals and chemicals company, declared on Sunday a cash dividend of $0.04260 per share, totaling approximately $55 million. The announcement, filed with the SEC today, marks a significant return to shareholders.
The dividend distribution will be made in U.S. dollars, although some shareholders will receive the payment in New Israeli Shekels (NIS), subject to the exchange rate on June 3, 2025. The record date for the dividend is set for June 4, 2025, with the payment date following on June 18, 2025.
The company outlined that only registered shareholders who are entitled to receive a minimum of US $2 or more will be eligible for the dividend. Tax implications for the dividend will vary based on the shareholder’s residency status. Israeli resident companies will not incur withholding tax, whereas Israeli-resident individuals will face a 25% withholding tax. Foreign residents, both individuals and companies, will also be subject to a 25% withholding tax, which may be reduced subject to applicable international tax treaties.
Additionally, the company provided information regarding a possible refund procedure for taxes withheld in excess of the withholding tax rates for shareholders holding shares traded on the NYSE and not through an Israeli bank. Further details can be found on the company’s website.
This dividend is also incorporated by reference into ICL Group Ltd.’s registration statement on Form S-8 and the Israeli Shelf Prospectus filed on February 28, 2022.
The information reported is based on ICL Group Ltd.’s recent SEC Form 6-K filing.
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