Bloomberg News

Alony Hetz Soars Most in Two Years on Setting Extra Dividend

October 10, 2011

(Updates with closing share price in second paragraph.)

Oct. 10 (Bloomberg) -- Alony Hetz Properties & Investments Ltd. surged the most in more than two years after the real- estate investment company said it will pay an extra dividend and set a dividend policy for 2012.

The shares jumped 8 percent to 17.67 shekels at the 4:30 p.m. close in Tel Aviv, the biggest gain since August 2009. The benchmark TA-25 Index soared 4.1 percent, the most since April 2009.

Ramat Gan, Israel-based Alony Hetz declared a dividend of 1.33 shekel a share, payable Nov. 13. Separately, the company’s board adopted a dividend policy for next year to make four quarterly payments of 0.20 shekel a share.

--Editors: Claudia Maedler, Robert Valpuesta

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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