N.Z. Insurance
The New Zealand Insurance Company, Ltd, Auckland, has raised its dividend from 12 to 14} per cent for the year to May 30. Directors have recommended a final dividend of 9} per cent payable on September 11, ex August 27. A steady 5 per cent interim dividend was paid. last year, the 12 per cent dividend was covered 1.5 times by the profit of $2,320,042. The latest dividend increase is the fourth since 1964 when It was raised to 10.833 from 10 per cent In 1966 the dividend was raised to 12 2/3 per cent.
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Bibliographic details
Press, Volume CVIII, Issue 31727, 10 July 1968, Page 17
Word Count
97N.Z. Insurance Press, Volume CVIII, Issue 31727, 10 July 1968, Page 17
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