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Israel Development Corporation Votes to Inorease Year-end Dividend

The Board of Directors of Israel Development Corporation has voted to increase the year-end dividend for the six month period ended November 30, 1965 to 45 cents per share, payable January 15, 1966, to shareholders of record November 30, 1965, it was reported here today. For the same period last year, and prior to a two-for-one split of its $25 par shares, a dividend of 75 cents a share (adjusted to 37-1/2 cents on basis of stock split) was declared for the same period. Directors of the affiliated company. AMPAL-American Israel Corporation, also declared a dividend of 30 cents per share on the 4 percent preferred stock. The dividend is payable January 31, 1966, to shareholders of record December 31, 1965.