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Israel Development Corporation Declares Dividend in New York

The directors of Israel Development Corporation today declared an interim dividend of 60 cents per common share, payable July 15 to share-holders of record July 7. The amount represents an increase of 10 cents a share over last year’s interim dividend of 50 cents a share.

IDC has paid annual consecutive dividends since its formation 10 years ago. A New York corporation, it invests in a wide range of economic enterprises in Israel. Its shares are traded over-the-counter.