Bonus, Bigger Bonds Div.
(N.Z. Press Association) WELLINGTON, Feb. 24. Bonds Hosiery Mills (N.Z.), Ltd, of Wellington, will give its shareholders a one-for-five bonus issue and an increased 17 per cent total dividend as a result of a 44 per cent rise in group profit. Subject to the audit, the profit for the year to January 19 is $360,000.
The directors recommend a final dividend of 11 per cent, making 17 per cent for the year, payable after the annual meeting on April 28; ex dividend April 15. The dividend in the previous year totalled 15 per cent. The directors are proposing also to recommend a one-for-five scrip issue from the share premium reserve; ex bonus April 29.
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Bibliographic details
Press, Volume CIX, Issue 31922, 25 February 1969, Page 20
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118Bonus, Bigger Bonds Div. Press, Volume CIX, Issue 31922, 25 February 1969, Page 20
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