Directors of PEC Israel Economic Corporation here today declared a five per cent stock dividend for the year 1964, payable on Feb, 15, 1965 to stockholders of record as of Jan. 7, 1965. A similar dividend was paid for each of the two preceding years.
PEC, with assets in excess of $22,000,000, is now in its 39th year. It had 755,000 shares of common stock outstanding on Dec. 1, 1964, held by over 11,000 stockholders throughout the United States. The stock is traded in New York on the over the counter market. John Furman, PEC’s president, said that preliminary figures for 1964 show a new high in net earnings. Last year PEC earned $1,47 per share after taxes.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
