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Rassco Plantations Announce Dividend for 1964; Sold 400,000 Shares in U.S.

Rassco Plantations, Ltd., of Tel Aviv, announced here today that it has declared a dividend for 1964 of 16,66 cents per share on its outstanding common stock, payable April 30 to stockholders of record as of March 15, 1965. A dividend in the same amount was paid last year. The company is engaged in Israel in the planting, packing and marketing of citrus. It owns 750 acres of citrus plantations, and manages another 5,500 acres owned by local and foreign investors.

Founded in 1953 as a private company, Rassco Plantations Ltd. became a public company last year, when 400,000 ordinary shares were sold to U.S. investors at $3.17 per share pursuant to a prospectus filed with the Securities and Exchange Commission in Washington.