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THE D.I.C.

TEN PER CENT. DIVIDEND (By Telegraph.) (Special to "The Evening, Post.") DNEDIN, This Day. ■ The forty-fourth. annual report' of the Drapery aud General Importing Company states that the1 net profits for the year were £42,727.16s lid, which with £35,981 9s 5d brought forward from the previous year show a total to the credit of the profit and loss account of £78,709 6s 4d. In May an interim dividend was paid on the preference shares at the rate of 0 per cent, per annum for the half-year ended February. This absorbed £7500, and leaves £71,209 6s 4d now available for division this term. The directors propose to deal with this as follows: —Payment of a dividend at the rate of 6 .per cent, on preference shares for the half-year ended 20th August, £7500; payment of a dividend at the rate of 10 per cent, on ordinary shares, £17,851 15s Sd, making an addition of £4937 5s to the reserve fund, which will now stand at £70,000, and the balance to be carried forward, being £40,----920 5s Bd.

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https://paperspast.natlib.govt.nz/newspapers/EP19281016.2.104.5

Bibliographic details

Evening Post, Volume CVI, Issue 82, 16 October 1928, Page 12

Word Count
178

THE D.I.C. Evening Post, Volume CVI, Issue 82, 16 October 1928, Page 12

THE D.I.C. Evening Post, Volume CVI, Issue 82, 16 October 1928, Page 12