Word: dividend
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Dates: during 1930-1939
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Chief feature of the original House bill was that it virtually abolished all corporation income taxes save undistributed profits taxes, thereby encouraging dividend disbursements, placing the Government's income-tax burden squarely on individual taxpayers, avoiding, in theory at least, cumbrous double taxation (on corporations and again on stockholders...
Chief aim of the new law is, of course, to force declaration of dividends, collect high surtaxes from the rich. Incidental effect will also be to pinch pennies from small stockholders in big companies. Under the old law an individual who owned ten shares of stock earning $6 per share and paying $3 dividends, got $30 in dividends tax free. The Government took about $9 in taxes out of the profits kept by the company and $21 of his dollars remained in the company's hands for expansion, etc. Under the new law if the dividend rate remains unchanged...
Then GTI offered these stockholders the right to buy 75,600 shares of additional common, the proceeds to retire some of its preferred stock and to bolster its cash position after clearing up dividend arrears on the rest. Of the total offering the old stockholders took 21,000 shares. The balance was taken up by a banking group headed by Kidder, Peabody & Co., which offered it to the public. Listing was the sequel to that offering...
...from 12% to 25%. That spread is by no means all clear profit, for installment paper means high overhead. Nevertheless, favored still further by a tremendous pickup in the volume of installment buying, financing companies are reporting record high earnings. Last month Commercial Investment Trust Corp. upped its dividend, declared a 20% stock dividend. Last week its traditional rival, Commercial Credit Co., also upped its dividend (from $2.50 to $3 per share), also declared a 20% stock dividend...
Meantime other motormakers were also translating statistics into cash. Stockholders of Chrysler Corp. were no less pleased when their directors hiked the quarterly dividend from $1 to $1.50 after the company reported $11,453,000 for the first three months of 1936, its second biggest quarter right on top of its all-time quarterly record in the final three months of 1935. For the first time since 1932 Nash Motors Co. made a profit ($72,000) in the first quarter of its fiscal year (through February). With its "Baby" eight going into its second year, Packard Motor Car Co. showed...