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ICL (TASE:ICL) Group Ltd. (NYSE:ICL) announced details of its upcoming dividend distribution in a recent SEC filing. The company reported that it will distribute a total of $55 million in dividends from its earnings. Shareholders will receive $0.04260 per share in U.S. dollars or ILS 0.1502076 per share for those receiving payment in Israeli shekels, based on the current exchange rate published by the Bank of Israel.
The record date for the dividend is set for June 4, 2025, with the payment date scheduled for June 18, 2025. Only registered shareholders entitled to receive $2 or more will be eligible for the dividend payment.
ICL Group also detailed the tax implications for the dividend distribution. Israeli resident companies will not be subject to withholding tax. However, Israeli resident individuals will face a withholding tax rate of 25%. Foreign residents, both individuals and companies, will also encounter a 25% withholding tax rate, or a rate in accordance with applicable international tax treaties, whichever is lower.
The company has provided additional information on a possible refund procedure for taxes withheld in excess of the described rates for shareholders with shares traded on the NYSE not through an Israeli bank. This information is available on the company’s website.
This announcement follows a prior report from May 19, 2025, regarding the dividend. The information is based on a press release statement by ICL Group Ltd.
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