Caesarstone ltd. declares special cash dividend, payable on december 10, 2019

Caesarstone ltd. announced the company's dividend policy provides for a quarterly cash dividend in the range of $0.10 to $0.15 per share up to the lesser of 50% of reported net income attributable to controlling interest (i) on a quarterly basis or (ii) on a year-to-date basis, subject in each case to approval by its board of directors. in order to reflect 2019 year-to-date net income attributable to controlling interest, the board of directors declared a special cash dividend of $0.15 per share for the third quarter of 2019, representing an increase from the dividend of $0.10 per share that would have been paid according to the company's dividend policy. the dividend will be paid on december 10, 2019 to shareholders of record as of november 20, 2019. the dividend payment is subject to withholding tax of 20%.
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