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Preference shares trade well again

Butterfield Bank's preference shares continued their healthy trading on the Bermuda Stock Exchange Index (BSX) yesterday.

A total of 363 shares changed hands, as they held their value at $1,200 - a 20 percent gain on the $1,000 per share that investors paid for them earlier this month.

The Index, as a whole, opened and closed at 2,328.93.

Bermuda Container Line Ltd. declared a dividend of 14 cents per share for the third quarter of 2009 which will be payable on August 25.