Magnum dividend
The directors of Magnum Corporation, Ltd, plan a final dividend on ordinary shares for the year ended June 30, 1986, of 16.5 per cent (8.25 c a share) which, together with the interim dividend of 13.5 per cent (6.75 c a share) paid on April 14 will give a total dividend on ordinary shares of 30 per cent for the year compared with 26 per cent for the previous year. They also intend to declare and pay simultaneously a special interim dividend of 10 per cent (5c a share) to mark the successful conclusion of the sale of the company’s tobacco interests and the significant capital profits arising from that sale. The two dividends are intended to be paid from retained earnings and the bonus shares by way of capitalisation of retained earnings. The directors propose to pay the dividends and issue bonus shares in lieu of divi■dends on November 14.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19861011.2.134.10
Bibliographic details
Press, 11 October 1986, Page 22
Word Count
153Magnum dividend Press, 11 October 1986, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in