Word: dividend
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Dates: during 1930-1939
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Last week, having rolled up about three billion of these tiny profits into one big $9,000,000 ball in the year through June, Continental Can declared a 50% stock dividend. Continental paid dividends throughout the Depression, has upped its payments twice in the past year. If the stockholders authorize the necessary increase in capitalization-which they will undoubtedly be delighted to do-the directors plan to place the stock on a $2.40 annual basis. As each stockholder will then have three shares instead of two, that will amount to boosting the present rate...
...newest type of organization, the Student Discount Society, has not yet publicly announced its aims and scope, but it is apparently based upon a mutual organization of merchant members and student members and is aimed at the membership and dividend scheme of the Harvard Cooperative Society. The merchant members will give a 10% discount on purchases made by students who have paid one dollar for a membership card. A certain percentage of the income from the sale of the membership cards is to be used for publicity purposes for the merchants who are members of the Society. However...
...merchandise, about $1,500,000 more than in the same period of 1933. And instead of a $300,000 profit for the period, it reported earnings of $700,000. Last week, "on the basis of unusual accomplishment by the Jewel organization" the directors declared not an extra dividend but a 5% wage bonus for each & every one of its 2,250 employes...
...since been Jewel's board chairman and a mighty hunter of mountain goats. Several years before that, he picked another onetime Navy officer, Commander Maurice H. Karker, to follow in his wake. President Karker paid off the $36.75 accumulations on the preferred stock, put the common stock on a dividend basis where it has been ever since...
...share of common stock in 1931. Next year it was less smart to be flashy, and Auburn sales began to wane. In 1934's first half, Auburn delivered 4,600 cars. It lost $1,600,000 in the six months ending May 31 and passed its dividend for the first time in nine years. Last week Auburn stock was selling at $25 per share against a 1929 high of $514. It looked as if Mr. Cord's gold mine was played...