GRACEKENNEDY LIMITED will make an interim dividend payment on May 26 of $147 million, which represents 45 cents per stock unit, based on the existing share capital of 327 million shares.
Notice was served that the company's register of members will not be opened from the close of business on May 5 to May 11.
This was disclosed by the company's chief financial officer, Don Wehby, following a board of directors meeting held on March 16.
The payment to be made in May 2006 is consistent with the company's Dividend Policy, which is to distribute at least 10 per cent of net profit attributable to stockholders, as well as maintain a total dividend payout which is at least as high in dollar terms as it was the previous year. The total dividend payment for 2005 was $327 million, or $1 per share, up 12 per cent when compared to the 2004 payment of $292 million.
