Income Trust Div. Higher
(N.Z. Press Association) WELLINGTON, June 21. The New Zealand Income Trust has announced a six months’ dividend to April 30 of 1.3 d a unit, making 2.7 d for the year. This is the fourth consecutive annual dividend increase, according to the half-yearly report. Dividends had been steadily rising since this trust was formed and on today’s value the dividend represents a return of 4.8 per cent. The number of units in issue has increased to 875,000 and the replacement value of the portfolio has risen to £219,270 ex dividend.
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Press, Volume CVI, Issue 31093, 23 June 1966, Page 17
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94Income Trust Div. Higher Press, Volume CVI, Issue 31093, 23 June 1966, Page 17
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This newspaper was digitised in partnership with Christchurch City Libraries.
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