Palestine Potash Co. to Pay First Dividends from Profits

THE PALESTINE POTASH COMPANY ANNOUNCED TODAY DECLARATION OF DIVIDENDS OUT OF PROFITS RATHER THAN A GUARANTEED FUND FOR THE FIRST TIME IN ITS HISTORY. THE DIVIDENDS, PAYABLE THIS MONTH, WILL TOTAL ABOUT $52,500, AND ARE FOR HOLDERS OF THE 7½% AND 5½% PREFERENCE SHARES.

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