Shares To Get U.E. Box Div.
(N.Z. Press Association) AUCKLAND, April 7. Under the terms of the takeover bid for Steele’s Carpet Industries, Ltd., Steele’s shareholders will not receive a dividend—l 4 per cent last year—from their own company for the year to March 31 last. However, the U.E. Box shares to be issued to them will rank fully for the dividend for the year to March 31. If U.E. Box maintains its dividend at 10 per cent, this will in effect mean that Steele’s shareholders will receive a 15 per cent dividend on the nominal value of the shares they now hold.
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Bibliographic details
Press, Volume CV, Issue 31030, 9 April 1966, Page 18
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103Shares To Get U.E. Box Div. Press, Volume CV, Issue 31030, 9 April 1966, Page 18
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