Evening Bulletin in Honolulu, Hawaii

Bank of England dividends high amid steady returns

The Bank of England declared a 10 percent annual dividend at the September half year meeting, matching March. Historically dividends ranged around 8 percent in prior years, with 10 percent rare and 9 percent average over long span. Bank distributes profits beyond reserves of 3 million pounds and capital 14 million, with 10 percent for 1897 absorbing about 1.46 million pounds. Market value stock around 398 pounds yields about 34 percent to investors.