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Palestine Economic Corporation Elects New Board Officers; Quarterly Dividend Declared

Four new directors have been elected to the board of the Palestine Economic Corporation and its first quarterly dividend for 1950 has been declared, according to an announcement today by Robert Szold, board chairman. The new directors are Philip N. Klutznick, Albert B. Joffe, Jossph I. Lubin, and Albert Seiffer, secretary of the P.E.C. The dividend of 25 cents on each there of the $25 par value common stock is payable on Feb. 24 to stockholders as of Feb. 10.