Sth. Cross dividend
It was not necessarily true that Southern Cross Hotel (Dunedin), Ltd, would pay a dividend of 71 per cent next year, said a spokesman for the company yesterday. The directors were not committing themselves at this stage regarding the dividend for next year, he said. They only had decided to keep in reserve the extra li per cent dividend, which they would like to pay but could not because of the restrictions, to add to next year’s dividend—provided the restrictions had then lapsed. This year’s dividend provision, plus the further lj per cent provided, absorb $26,724, leaving $18,566 retained in the business, the dividend being covered 1.7 times.
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Bibliographic details
Press, Volume CXII, Issue 32975, 22 July 1972, Page 19
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111Sth. Cross dividend Press, Volume CXII, Issue 32975, 22 July 1972, Page 19
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