Word: dividend
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Dates: during 1930-1939
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Sirs: Sorry old man but you slipped up on Chrysler earnings. See p. 54 of TIME, August 28. If Chrysler paid $8 per share, their quarterly dividend should be at least $2. It seems that I have lost money on that basis. I have only received $1, $1.50, $1.50 for the last three dividends on Chrysler stock. Maybe these weren't quarterly dividends but I think so. Even so it's a damn fine corporation...
...under $80, paying at the rate of $8 a share), yields 10%." How nice. But in the course of my usual search in the back pages of the magazine for reading material among the advertisements, I come across the following notice: "The directors of Chrysler Corporation have declared a dividend of one dollar and fifty cents ($1.50) per share on the outstanding common stock, payable September 13, 1939. . . ." I am a novice at economic matters, and I am confused. ARTHUR B. LOGAN Parkersburg, West...
...wonder Reader Logan was confused; so was TIME, which herewith apologizes to the Chrysler Corp. for inadvertently rouging its already healthy complexion. The declared dividend of $4 reported by TIME covered a nine-month, not a semiannual, period. If Chrysler's fourth quarter dividend is the same as its last two quarterly declarations, its stock (at current levels) will have yielded about 1% for the year...
...most of Oriental Consolidated's 829 stockholders (350 English, 224 American, 149 French, 106 scattered). On the London Stock Exchange news of the negotiations jumped the price of shares from 12½ shillings ($2.87) to 35 shillings ($8.05) in three weeks. Accustomed to an average dollar annual dividend on their 429,300 shares, stockholders will now have to trust that Yokohama Specie Bank will repay their capital in the next four years. But with Japan intent on squeezing all Occidental enterprises out of Asia, and particularly keen to get gold for her nearly empty war chest, this looked like...
...Rubber, in 1938's first half, reported sales of $67,829,786, a loss of $239,213. This year, its sales were up 30% and its profits were $4,465,397. Only $5,208,728 is needed to cover a full year's dividend ($8) on the company's 651,091 shares of preferred. Last week its preferred shares sold at $109½, yielding 7.3% to income-minded buyers who counted on holding it on the possibility that Mr. Davis will offer them a trade-in for U. S. Rubber's common. The common last week...