A cash dividend of 9-1/3 cents per share was voted by shareholders of the American Israeli Paper Mills, Ltd., at its annual general meeting here this weekend. The dividend, to be paid on August 29 to shareholders of record on August 6, brings the total payments paid for the fiscal year to 18-2/3 cents. A similar sum was paid last fiscal year.
The shareholders also voted to increase the capital of the company from 25, 000, 000 Israeli pounds ($8, 333, 000) through the issuance of 10, 000, 000 new ordinary shares. At present there are 22, 427, 694 shares outstanding.
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