Word: dividend
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Dates: during 1930-1939
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...temporarily at least, it has not been able to take the grade of Depression at full speed. After a long meeting in the grey Windsor Station, Montreal, last week the C. P. R. directors filed out slowly, grave in the knowledge that they had ordered only half the regular dividend payment. What was a 10%, rate on C. P. R. is now a 5% rate. Not since 1902 has C. P. R. made so small a payment. From that year on the rate gradually worked higher until in 1912 it reached 10%, and there it was maintained even through...
Hurt by the dividend cut are 65,000 C. P. R. owners?20,000 in the United Kingdom, 27,000 in Canada, 13,000 in the U. S. And affected psychologically by the cut is each & every one of Canada's 9,000,000 citizens, for between the Dominion and the C. P. R. is a great bond. The C. P. R. has grown because Canada has grown; Canada could not have grown without...
Shocking as 1931 earnings fresh shocks last week forecast shocks to come. Last fortnight's news that great U. S. Steel had earned 5 cents per share in the first three months 1931, as against $3.44 last year, was keynote. Dividend actions have continued adverse. By April's end, 429 companies had passed their dividend, 251 ordered a reduction. Last year these were 58 and 219, respectively...
...lower wages and insist that the cause of a reduction would be economic principle, not personal endeavor, the wage argument is roughly divided between bankers on one side and industrialists on the other. The argument of deflationists is that capital is taking its reduction in the form of impaired dividend payments, that the dollar buys more and Labor must take its loss. They also say a lowered wage-scale will cheapen manufactured goods, unearth new markets...
...fortnight important U. S. corporations in many lines of business reported on the first quarter of 1931. Few bright spots illuminated the depressing picture of what happens when industry idles along at a pace far below capacity. Even so conservative a company as General Electric failed to cover its dividend requirements. Fearful of more and larger dividend reductions, the stock-market sank to new lows while first-quarter reports were being issued. Freely asked was a question which a year ago would have seemed ridiculous: "Will United States Steel maintain its dividend?" Representative earnings statements have included...