COMPANY AFFAIRS

Wanganui Chronicle, Volume 80, Issue 265, 8 November 1937, Page 11

COMPANY AFFAIRS

KAURI TIMBER COMPANY The Kauri Timber Co., Ltd., Auckland have advised the Stock Exchange Association that notice had been received from the head oilice in Melbourne that the directors had decided to recommend, subject to audit, a final dividend of 3i per cent, for the half-year ended August 31, making, with the interim dividend of 2i per cent, paid in June, a total of 6 per cent, for the year. This year’s distribution of 6 per cent, compares with 5 per cent, last year and in 1935, 3 per cent, in 1934, and 2 per cent, in 1933. No dividends were paid in 1931 and 1932. The 25s paid shares of the company have sold this *>eek at 23s and 23s Id, at which price the return on a 6 per cent, dividend basis is £6 10s 5d per cent. MORRIS HEDSTROM DIVIDEND Morris, Hedstrom, Ltd., have advised the Stock Exchange Association that lhe directors had declared an interim dividend of 3 per cent., payable on December 31. The interim dividend a year ago was 2i per cent., and the final, paid on June 30, was 31 per cent., making 5« per cent, for the year.