Word: dividend
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Dates: during 1930-1939
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...that time Lang Williams was 27 and too young-he decided-to be Freeport's president. But from the vice president's chair he saw that officers' salaries were cut 30%, that expenses were pared all around, that dividend rates were lowered. (In 1928 the company had paid $6.50 a share, earned only $4.49.) By 1933 Lang Williams was 30 and old enough to be president. Baltimore Financier Eugene L. Norton, who had held the job "in trust" for him, stepped down and Williams stepped...
...pestering him for seats at the service he will perform Sunday in St. James Episcopal ("the President's") Church, with presiding Bishop Henry St. George Tucker of the U. S. Protestant Episcopal Church preaching the sermon. Rector Wilson declared that faithful past church attendance would now yield a dividend: regular worshippers would get seats, others would have to stand in the grounds outside. He also put churchmanlike perspective on all the hullabaloo. Said he: "We realize it is a great honor that our church will be the only one in the United States at which Their Majesties will worship...
...bought a Pitney-Bowes machine to speed up its mailing. Pitney-Bowes profits meanwhile have risen to $614,791 in 1937, $586,416 last year. Its stock, traded on the Curb, was only at $7.25 last week, but Founder Bowes has enough so that the annual 50?-per-share dividend enables him to indulge another expensive hobby besides yachting-a stud farm in Virginia...
...Martin Company turned a net profit of $1,144,858. Last year it made $2,349,355 (equal to $2.15 a share) and in the first quarter of this year it made $682,496. Yet Martin has never paid a cash dividend, has ploughed back its earnings into plant expansion and reserve...
...have the more active market on the Big Board, for it may be obliged to issue more shares to improve its current weak cash position. Due to heavy purchases of new planes, its cash on hand is only about $1,030,000. Though it has still to pay a dividend, American sold last week at $25, within $1.25 of its 1939 high...