Word: dividend
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Dates: during 1930-1939
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Still fresh and cheerful last week in the Loop was news issued a few days before from Northern Trust Co., long a model of conservatism among the five large Loop institutions. Northern Trust announced payment of its regular quarterly dividend of $4.50, thus maintaining its $18 annual rate (raised two years ago from $12). It was the only Loop bank failing to cut its dividend rate...
...been perturbed last week at the price of Commonwealth Edison short-term notes which fall due July 30. Only 97½ was bid for them, a price which would give the buyer a 27% return to maturity. And he must have noted with regret the passing of the Sears, Roebuck dividend. Commentators saw this omission as the company's opinion that the grain markets will not rally soon. Principal grains last week had lost their recent advances and were slumping to new lows on good weather reports. Cotton held its gains more tenaciously. Oil was firm but the bright spot...
...shrewd cattle buyer, headed the worldwide organization after Elder Brother Louis Franklin retired last January. Unlike Armour & Co. (in which there are now no active Armours), Swift & Co. has had all the services of all the Swifts. Day before Chairman Swift's death, the company had halved its dividend...
Cities Service. Three weeks ago Henry Latham Doherty celebrated his 62nd birthday by resuming high command of the Cities Service organization (TIME, May 23). Stockholders who expected immediate benefit were disappointed last week. Mr. Doherty's first public pronouncement was that all Cities Service dividends must cease, as well as those of four big affiliates-Cities Service Power & Light, Empire Gas & Fuel, Arkansas Natural Gas, Louisiana Oil Refining Co. Affected by the retrenchment are some 650,000 shareholders many of whom, owning preferred shares, expected preferential treatment in the dividend policy. Total omissions would save the company some...
Others. Notable dividend actions of the week included omission of Montgomery Ward's cumulative "A" stock dividend, reduction of General Electric's payment from 25? quarterly to 10?, reduction of Swift & Co.'s payment from 50? quarterly to 25?. National Electric Power Co., holding company for Samuel Insull's eastern properties, passed its preferred payments...