The Federal National Mortgage Assn. voted to...
From Times Staff and Wire Reports
The Federal National Mortgage Assn. voted to increase its quarterly common-stock dividend to 30 cents from 26 cents, payable on Nov. 25 to shareholders of record Oct. 31. . . . Mitubishi Heavy Industries has awarded Showscan Corp. of Culver City a contract for two thrill-ride films for the Phoenix Water Park being built on Japan’s southernmost island of Kyushu. . . . The Federal Reserve said the average yield for one-year T-bills, the most popular index for making changes in adjustable-rate mortgages, fell to 5.36% last week, down from 5.40% the week before.
