Word: dividend
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Dates: during 1930-1939
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...ever since it sold some $50,000,000 worth of preferred stock to Jesse Jones's RFC in 1933. Subsequently $5,000,000 of this was paid off, and fortnight ago the total was cut to $35,000,000. At the same time a 33⅓% common stock dividend was declared, pushing the total of common stock to $40,000,000-above the RFC's interest. Continental Illinois' amazing comeback is reflected in last year's record earnings ($21,495,000) and in the current price of its shares ($140,33 against a Depression...
...make corporations pass out earnings to stockholders, under penalty of a steeply graded undistributed profits tax. Fortnight ago. the I. C. C. showed what it thought of this phase of the New Deal's tax philosophy when it permitted Greyhound Corp. (busses) to issue a preferred stock dividend, on which holders will have to pay income tax. so as to plow back 1936 earnings without paying a fancy tax penalty. Last week in its report to Congress, I. C. C. amplified its position in the matter...
Gloomily the Commission pointed out that 27.7%. or 70,041 mi., of all U. S. steam railroad mileage was in the hands of the courts. "Poor financial structures and unwise surplus and dividend policies were chiefly responsible for the failure of some of these companies and were contributing factors in the failure of most of them," observed the Commissioners. Many a road could trace its grief to the fact that it was "handicapped from the beginning by financial structures overloaded with funded debt which was not reduced in good times." To assure more provident procedure in the future...
...Since '29-So Much Extra Cash To Spend," lushed the Wall Street Journal last week in advertising copy which was simply a facsimile of its front page with ringed items about record automobile show attendance, a coming Florida boom and fat extra dividends. November was the greatest dividend month in history, with total declarations, mostly payable before Christmas, mostly inspired by the Federal tax on undistributed profits, footing up to more than...
...mail-order house, sat down in a buff-paneled room a mile west of Comiskey Ball Park to approve three timely measures: 1) a five-for-one split in the company's common stock, creating 1,265,000 shares out of 253,000 now outstanding; 2) an extra dividend of $2 a share on the present common; 3) a change of their corporate name to Spiegel, Inc. Each in its own way, these three acts celebrated a remarkable feat of applied business science. It was applied in 1932 with the result that Spiegel's has earned as much...