Elron To Distribute $110M Dividend To Shareholders

August 26, 2014 | According to a “Globes” report, Elron Electronic Industries, which is controlled by IDB Group, announced that it will be distributing a $110 million dividend to its shareholders. Elron has notified the Tel Aviv Stock Exchange that it will distribute the dividend at $3.70 a share, following a decision by the company’s board on Sunday. Elron clarified that the dividend to be distributed is based on surpluses the company has amassed over the past two years, since their last dividend. Elron is a technology holding company founded in 1962 by Uzia Galil.