Super-Sol declares $16 million dividend

Published December 12th, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

Israeli leading supermarket chain Super-Sol’s Board of Directors have declared a dividend for the year 2002 of 75 million shekels ($16.1 million), amounting to around NIS 0.35 per ordinary share and NIS 1.76 per ADR.  

 

In accordance with the Board of Directors resolution, the record date set for shareholders entitled to receive payment will be January 16, 2003. Payment date will be February 3, 2003.  

Tax withholding shall be performed according to Israeli law.  

 

In the US, Super-Sol's American Depositary Receipts, each equivalent to five ordinary shares, trade on the New York Stock Exchange. — (menareport.com) 

© 2002 Mena Report (www.menareport.com)