Dividends Declared
WELLINGTON, Oct 29
Relax Ltd. (old issue) has declared an interim dividend of 24 per cent, (less social security tax) on preference shares and one of 24 per cent, on ordinary shares. These are payable on November 12 (ex November 8). No interim dividend is payable in respect of new issue shares as their date of allotment almost coincided with the end of the period for which the dividend is now payable. The directors state that, in deciding to pav an interim dividend, they have had reagrd to the trend of trade in New Zealand, and consider that, tor the time being, a conservative policy is desirable.
Broken Hill South Ltd., has declared a dividend of 4s per share, which is payable in Melbourne on Decembei' 22. The books close on November 9.
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https://paperspast.natlib.govt.nz/newspapers/GRA19481030.2.84.7
Bibliographic details
Grey River Argus, 30 October 1948, Page 8
Word Count
135Dividends Declared Grey River Argus, 30 October 1948, Page 8
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