Waitaki Freezing Dividend Up
The Waitaki Farmers’ Freezing Company, Ltd, Oamaru, has raised its total dividend from 13 1-3 to 14 per cent for the latest year.
Directors have recommended a final dividend of 8 per cent, payable January 19, ex January 3. In a preliminary report they announce that profit is 3.7 per cent, or $12,442, lower at $325,208.
The earning rate on ordinary capital falls from 22.2 to 21.3 per cent. The total dividend requirement of $212,534 is covered 1.5 times by the profit. An interim dividend of 6 per cent was paid in August.
Steady Sales By Spedding
Trading by Spedding Consolidated, Ltd, the Auckland importer, exporter and merchant, for the six months to September 30 has been maintained at a level comparable with the same period last year, directors say in an interim report. They have announced a steady interim dividend of 5j per cent, payable December 15. ex November 30. Last year the total dividend was 12 per cent. Directors warn that economic conditions could affect trading for the final six months to November 30.
N.Z. Reserves The net overseas assets of the New Zealand banking system on November 8, were $129.9m compared with $129.9m last week and $125.5m last year, the Reserve Bank announced.
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Bibliographic details
Press, Volume CVII, Issue 31530, 18 November 1967, Page 18
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210Waitaki Freezing Dividend Up Press, Volume CVII, Issue 31530, 18 November 1967, Page 18
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