Financial Notes
BREWERY PROFITS.
DURING the past few days three concerns connected with the brewing industry have announced the financial results for the past year. In all three eases they are of a character to increasc the attractiveness of the better-class brewery stocks and especially, of course, the prior-charge issues as profitable investments. In the case of Arthur Guinness, Son and Company, the final dividend of 12 per cent., with an addition
of a bonus of 4 per cent., both free of tax, on the Ordinary makes up the same distribution of 28 per cent., tax free, as a year ago, but it must be remembered that the occasions have been many and some of them recent when huge capital bonuses have also been distributed to stockholders. On the basis of present dividends the Ordinary shares give a return to the investor of something like 6f per cent., tax free. * * *
Previous page
