ENORMOUS DIVIDENDS.

Hawera Star, Volume XLVI, 12 April 1927, Page 7

ENORMOUS DIVIDENDS.

RICH TOBACCO COMPANY. LONDON, Jan. 22. The Imperial Tobacco Company, Lid., the £42,660,666: concent whicn controls 20 other companies, announced yesterday a final dividend of 0 per cent., plus.a bonus, ot Is Od tree ot income tax. I lits- brings t-he total dividend tor the year to 24 per cent. It follows the 50 per cent, dividend of Carreras and the 25 per cent, of the Briti.sli-Amerioan Tobacco Company, and illustrate* once again the- eno: mulls pi ofits made- by tobacco concern.*. . The Imperial Tobacco Company lias an issued ordinary -hare capital of £29,591.667, so that- the dividend of 24 per cent, and the bonus mean that more, than £9,460.000 lias; been paid to ordinary shareholders tor the year, and. a* the dividend is paid free of income tax, the amount paid by the com,pany to the tax c-o-llector representsanother £2.650.600, 'ldle total profits have not yet been stated, but £500.000 has been put t<> reserve. £821,000 carried forward, and £250.000 allotted to pensioners. The Imperial Tobacco Company lias never paid less than 15 per cent, since the war. ami last year paid 24 per cent Since 1923 the total market value of the ordinary whare capital alone ha.* risen from £98.200.000 t<> £4<0.0U0.000. an increase of more- than £72.000.iYy).