Word: dividend
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Dates: during 1930-1939
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Sinclair Consolidated Oil Corp. on the eve of an expansion (TIME, Aug. 25), reported earnings for the first half of $3,251,000 against $6,196,000 last year. This is 49? a share against a dividend requirement of $2 for the year...
Shell Union Oil Corp. passed its dividend for the first time since organization in 1922. Especially hard hit by this are The Royal Dutch Company for the working of petroleum wells in the Netherlands Indies, 43%-owner of Shell Union, and Shell Trading & Transport, 29% owner. President John C. van Ech's explanation was that there is no indication that the unsettlement will soon be removed, that cash must be reserved for expansion. The company was stated to be "on a profitable basis...
Bearish corporate developments last week included B. F. Goodrich's poor statement and dividend omission, and a dividend omission by Warner Bros., followed by no official explanation. Earnings reports that interested many a shareholder were...
Arthur Roeder, president of Colorado Fuel & Iron Co.: ". . . To say that cuts will not be made would be like declaring a dividend out of anticipated profits...
...profit for the year at $67,316,000, or nearly $3 per share on the 24,000,000 shares outstanding (now selling at $26). However, the management holds "it would be lacking in ordinary business prudence" to ignore the current depression, plans to cut the October quarterly dividend from 40¢ to 25¢ a share...