Rural Press has announced it will pay a dividend of 10 cents on ordinary shares and 11 cents on preferred shares.

The dividend is the company;s third dividend and is fully franked at 30%. It will be paid on 16 September.

The company recently announced a record half year profit of $58.4 million, 39% up on last year.

The profits were largely due to Rural Press’ printing interests, but the company considers the profit margin form its radio interests satisfactory now that its Ipswich station has improved its performance.