AMPAL-American Israel Corporation announced today that its financing operations in Israel during the fiscal year ended January 31, 1966, yielded a 17 percent gain in net earnings, to $283,588, from $241,320 a year earlier.
In its 24th annual report, now being distributed to the company’s 11, 000 investors across the United States, the New York-based company noted that AMPAL in 1965 paid its preferred shareholders the 24th consecutive annual dividend, a cash payment of 30 cents a share, representing 2 percent over and above the regular 4 percent dividend. Abraham Dickenstein, company president, noted that the increased dividend of 6 percent was made possible for the sixth consecutive year “by a steady rise in AMPAL’s net income.”
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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.
