Bonus by Selby
For the second year in a row, the directors of the Selby Shoe Company, Ltd, have recommended a bonus issue when making their preliminary report for the year to January 31.
This time the directors Fave proposed a one-for-three bonus issue (a one-for-four issue previously), and increased the final dividend from 8c to 10c a share (10 Ser cent), the new shares eing included in the payout.
The unaudited group net profit rose 18.6 per cent to $266,261, on an 11.1 per cent increase in sales. Included in the latest result was $10,511 ($5OOO previously) from the sale of assets.
The profit was after providing $28,429 more for tax at $223,283. The- final dividend of 10c a share raises the annual dividend rate from 16c to 19c a share (19 per cent) on the pre-bonus capital. The annual meeting will be on May 14, and the shares are ex dividend on May 11.
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Press, 28 March 1981, Page 21
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156Bonus by Selby Press, 28 March 1981, Page 21
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