B.H.P. div. raised
NZPA-Reuter Melbourne The Broken Hill Proprietary Company, Ltd, has increased its final dividend from 16c to 17c a share, raising the total for the year to May 31 to 31.5 c a share. B.H . P . traditionally declares its interim and final dividends ahead of the end of the first six months, and the year. The increased dividend reflects the improving results from the company’s 50 per cent of Bass Strait oil and gas with Esso Australia. The Bass Strait results will improve because of the higher oil price for some of the oil production, resulting from the Federal Government’s oil pricing policy, under which an increasing proportion of Bass Strait oil will be priced at import price parity.
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Press, 15 April 1978, Page 18
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121B.H.P. div. raised Press, 15 April 1978, Page 18
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