Business
Eltek Declares a Cash Dividend of $0.22 per Share
PETACH-TIKVA, Israel, Nov. 28, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the
About this update from Eltek Ltd.
[{"type":"text","content":"PETACH-TIKVA, Israel, Nov. 28, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that its Board of Directors has declared a cash dividend in the amount of US$0.22 per share and in the aggregate an amount of approximately US$1.3 million.\n\n \n \nThe dividend is payable on December 21, 2023, in US dollars, to all of the Company's shareholders of record as of December 13, 2023. The dividend is subject to a withholding tax at the rate of 25%.\n\"We are proud to announce the dividend to be distributed to Eltek's shareholders. We believe that this dividend reflects all of the hard work and significant achievements of the Company and its management over the past year,\" said Yitzhak Nissan, Chairman of the Board Directors of Eltek.\nAbout EltekEltek – \"Innovation Across the Board\", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high-quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.\nEltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiary in North America and by agents and distributors in Europe, India, South Africa and South America.\nFor more information, visit Eltek's web site at www.nisteceltek.com\nForward Looking Statement \nSome of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of the Coronavirus on the economy and our operations, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed ...