ICL Group Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K is a supplemental report filed by ICL Group Ltd. on March 12, 2025, regarding a dividend distribution. The filing provides specific details on the dividend per share, payment dates, and tax withholding rates, supplementing an immediate report issued on February 26, 2025.
Key Financial Metrics
- Total Dividend Distribution: Approximately $52 million.
- Dividend Per Share (USD): $0.04030.
- Dividend Per Share (ILS): ILS 0.1469338 (based on the March 11, 2025 exchange rate).
- Minimum Payment Threshold: Dividends are paid only to registered shareholders entitled to receive US$2 or more.
Material Changes and Tax Withholding
The filing details the Israeli tax withholding structure applicable to this distribution:
- Approximately 89% of the dividend:
- Israeli resident companies: 0% withholding tax.
- Israeli resident individuals: 25% withholding tax.
- Foreign residents: 25% or lower per applicable international tax treaties.
- Approximately 11% of the dividend:
- Israeli residents (individuals and companies): 15% withholding tax.
- Foreign residents: 15% or lower per applicable international tax treaties.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, operational outlook, or new risk factors. It references a prior tax ruling document available on the company's website for information regarding potential refund procedures for taxes withheld in excess of applicable rates for NYSE-traded shares held outside of Israeli banks.
Investor Verification Checklist
- Verify the record date of March 12, 2025, and payment date of March 25, 2025, against personal brokerage statements.
- Confirm eligibility based on the US$2 minimum payment threshold.
- Review the specific tax treaty status applicable to the shareholder's jurisdiction to determine the exact withholding rate.
- Check the company website for the tax withholding ruling document if a refund of excess tax is anticipated.
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.