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.”
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.
