Dividends: Carreras cuts, Grace ups

CarrerasCarreras has cut its interim dividend to be paid in August from $1.50 paid last year to $1 this August. The decision by the Board of Directors to approve a lower amount must be seen as a reflection of the uncertain situation with demand of its product in light of an announcement last week that sales had slipped sharply with the advent of the ban on smoking in public spaces.

Carreras Limited disclosed today that it declared an interim dividend of $1.00 per share per share payable on August 28, 2013 to shareholders on record as at August 14, 2013. The ex-dividend date is August 12, 2013. The dividend paid at the same time last year was an interim dividend of $1.50 per share on August 23.

Grace KennedyThe Board of Directors of Grace Kennedy increased its dividend partially in line with the increase in profits for the period. Accordingly, the company declared an interim dividend of 78 cents per share payable on September 30, 2013 to shareholders on record as at September 11. The ex-dividend date is September 9. The last dividend paid was 70 cents per stock unit on March 27, this year. In September last year a dividend of 70 cents per share was paid.

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