Word: dividend
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Dates: during 1930-1939
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Because they got the job of building R. M. S. Queen Mary, the thrifty Scots of John Brown's Shipyard on the Clyde have just paid a tight little dividend of one shilling (25?) per share, after years of paying none. Last week they got the contract to build what Britons called a "sister ship" to the Queen Mary until leading London newsorgans declared that...
...share, is limited usually to 5% or 6%. The store sells at prevailing prices, strictly for cash. A record of each member's purchases is kept, sometimes in a little book like a bankbook carried by the member. If the co-op is successful, a periodic "dividend" from the "profits" is paid in proportion to patronage. Thus a member might buy $100 worth of goods in a year, get back $10 as a rebate...
Even a flock of favorable dividend actions last week failed to spur the market over its previous high. Westinghouse Electric raised its annual rate ($3 to $4). Young Walter Paul Paepcke's Container Corp. declared a 25? payment, its first in five years, and Texas Pacific Coal & Oil a 25? payment, its first in more than eight years. Harry Ford Sinclair's Consolidated Oil went on a regular 60? annual basis with promises of extras. U. S. Smelting & Refining raised its periodic payments from...
Some of this dividend rush was attributed to the new tax law penalizing undistributed earnings. Chrysler Corp. was whooped to a new high since 1929 ($112 per share) on talk of fatter payments at the next dividend meeting. But while the tax law would evidently tend to liberalize dividend policies, its long-range effect upon stock prices was no clearer than the law itself. The prime factor in stock prices remains earnings, not dividends...
...Canadian Province of Alberta which elected W. C. Aberhart as Premier on a Social Credit platform recently (1 made the platform effective and began paying a $25-a-month dividend to every citizen, 2 defaulted payment on two bond issues, 3 refused to accept financial aid from the Dominion Treasury, 4 impeached its Premier, 5 prevailed upon the founder of Social Credit to assist in making the plan effective...