Schofield’s div. 35 per cent
Scholfield and Company Ltd, Auckland Holden and Chevrolet distributor, has raised its dividend from 30 per cent to 35 per cent after a 14.4 per cent profit increase in the year to March 31; the net profit rose $34,625 to $275,010, subject to final audit
This is almost equal to the paid capital of $276,000. The earning rate rises from 87.1 to 99.6 per cent. The company last year lifted the dividend from 25 to 30 per cent. The final 22J per cent dividend is payable oh July 29, ex July 20.
Offer unconditional
Broadlands Dominion Group, Ltd’s, offer for the shares of Taranaki Finance, Ltd, was declared unconditional today, with acceptances by 92 per cent of the shareholders of Taranaki Finance.
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Bibliographic details
Press, Volume CXI, Issue 32640, 23 June 1971, Page 23
Word Count
127Schofield’s div. 35 per cent Press, Volume CXI, Issue 32640, 23 June 1971, Page 23
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