Year-end dividend checks totalling about $400,000 were in the mail today to owners of common stock of the Israel Development Corp. of New York, an affiliate of AMPAL, the American-Israel Corp.
Abraham Dickenstein, president of the AMPAL, said the dividend of one dollar per share, was declared on the affiliated corporation’s earnings from investments in shipping, citrus, cotton, sugar, fuel refining and distribution.
Most of the corporation’s assets are invested in oil prospecting, chemicals and plastics, but in these fields, it was explained, profitable returns could not be expected during early development stages. AMPAL also announced that it would pay its 18th consecutive annual regular dividend early in February.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
