The dividend of NIS 1.318 per share reflects a dividend yield of 3%.
Food company Strauss Group Ltd. (TASE:STRS) today announced that it will distribute a NIS 140 million dividend. Strauss's share price opened at NIS 44.55 today; the dividend of NIS 1.318 per share reflects a dividend yield of 3%. The ex date for the dividend is November 14, and the payment will be made on November 28.
The balance of Strauss's profits after the dividend will be NIS 1.19 billion.
Strauss posted a net profit of NIS 41 million for the second quarter of 2012, 57% more than for the corresponding quarter, and its first half profit rose 21%, compared with the corresponding half, to NIS 98 million. The company's profits in the first half of 2011 were affected by expenses for expanding its foreign operations and by a sharp rise in commodities prices.
Published by Globes [online], Israel business news - www.globes-online.com - on October 4, 2012
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