Firestone 3rd div.
Firestone N.Z. wUI pay a third interim dividend from funds which the company said would have been used in capital expenditure. The directors said that until the Government’s intentions on tariffs relating to imported tyres was dear they would continue to defer major capital expenditure. As a result, the cash from profits was suffident to declare a further dividend of 105 c a share, giving a rate of 25.5 c a share (255 per cent) so far this financial year. The dividend is payable on October 28.
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Press, 9 October 1987, Page 14
Word Count
90Firestone 3rd div. Press, 9 October 1987, Page 14
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