(From Israel Business Arena)
Byline: Dafna Zucker
United Mizrahi Bank (TASE:MZRH) subsidiary Tefahot Israel Mortgage Bank (TASE:TFHT) today declared a NIS 120 dividend.
The chief beneficiary of the dividend, to be distributed on January 29, 2004, will be Mizrahi Bank, which will receive NIS 103 million, in accordance with its 86% stake in Tefahot Mortgage Bank.
"Globes" first reported the upcoming dividend at the beginning of the week. "Globes" also reported that Mizrahi Bank would also distribute a dividend in the …