COMPANY DIVIDENDS

Otago Daily Times, Issue 26199, 9 July 1946, Page 8

COMPANY DIVIDENDS

The Union Bank of Australia, Ltd., has declared an increased interim dividend of 3£ per cent., sterling, less United Kingdom tax. The interim dividend last year was 2J per cent., sterling, less 5s 4d in the £ United Kingdom tax; and the final was 3J per cent., sterling, or 3s 6d a share, loss 11.375 d a share tax. The year’s yield to the New Zealand shareholder from the 6 per cent, dividend was about £5 8s 4d per cent. The British Tobacco Company (Aust.), Ltd., will pay an interim quarterly preference dividend of 13 per cent, on July 31. The directors of the Commercial Bank of Australia, Ltd., recommend final dividends of 2 per cent, on the preference shares, making the usual 4 per cent, for the year ended June 30, and 33 per cent, on the ordinary shares (unchanged), making 7i per cent. ' for the year, against 7 1-12 per cent., payable August 22. G. J. Coles announce that the ordinary dividend at a rate yet to be declared will be payable on August 12. The directors of Caro’s Stores, > Ltd., Hamilton, recommend the usual dividends of GJ per cent, on the preference shares (less security taxes) and 5J per cent, on ordinary shares (free of security taxes). The directors of William Cable and Co., Ltd., are recommending a final dividend on ordinary shares of 3J per cent., making 7' per cent, unchanged for the year. The date of payment will be fixed at the annual meeting on July 24.