N.G. Goldfields' Dividend
p. 24 · Read in the full issue
A PLEASANT surprise for shareholders m New Guinea Goldfields, Limited was received in a circular on Decem ber 7, when it was announced that a divi d|nd of 5% would be paid. As the shares of this company are now, and have been for many months, quoted at about 1/4 each, the dividend is equal to 20% on a recent investment.
The “P.1.M.” takes the opportunity of pointing out, with complacency, that on number of occasions it urged that N.G.G. shares at anything under 1/6 each were well worth the -attention of investors. The company has not been making sensational profits; but it has been making profits sufficient to pay a good return on the present value of its issued capital (which is now 5/- per share, having been written down from 20/- per share).