Word: dividend
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Dates: during 1930-1939
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...Laborites and politicians (see p. 13), many a voice was heard condemning the move, hoping it would be halted. Mr. Gifford did not elaborate his reasons for opposing, and special factors may prejudice Mr. Gifford's case (he is National Relief Director; American Telephone & Telegraph was earning its dividend; A. T. & T.'s wages are indirectly fixed by public service commissions; political goodwill is essential to A. T. & T.). But the prime argument against wage reduction is that it lowers the purchasing power of the people, may be a boomerang to business...
...been paying its then normal hourly rate even though fading earnings pro claimed the need of lower production costs. It had, for the first time in any depression, widely adopted the "stagger system," part-time work for as many men as possible. It had cut its salaries and its dividend, yet from October 1930 to August 1931 its number of employes had dropped only 6%. During this time out put fell 27% to 31% of capacity...
...More Dividends, The Transamerica quarterly dividend has been cut from 25? to 10? this year. But even 40? a year requires almost $10,000,000 on Transamerica's 25,000,000 shares. Last week the dividend was passed...
Said an official announcement: "This action has been prompted largely by improved earnings since the first quarter of the year. Net earnings for the third quarter, which is normally one of the poorest quarters of the year, are estimated at slightly in excess of the proposed dividend." In the third quarter of last year NCR earned 42? on the A stock. During the first quarter of this year NCR lost $373,000 but the next three months turned the deficit into a $491,000 profit, or 41? a share...
...Last year Gannett Co. earned net $964,746. For the first half of 1931 net earnings were $498,455 as compared with $578,688 for the same period last year. But the 1931 half-year earnings were eleven times the dividend requirement of the preferred stock then outstanding. With the sale of $1,000,000 additional preferred stock to the public, it is estimated that earnings for all of 1931 will be about five times the dividend requirement...