Word: dividend
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Dates: during 1930-1939
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...Seven Seas," chairman of the huge far-flung Royal Mail Steam Packet Co. which includes among its many steamship lines the White Star. Last year Lord Kylsant was publicly accused of mismanagement by his brother Viscount St. Davids. Royal Mail stock sank swiftly and dangerously, Royal Mail passed its dividend (TIME, Dec. 23). Lord Kylsant, it appeared, had purchased investments in "other than shipping companies." Good-will was not augmented by the knowledge that Lord Kylsant draws a huge salary based on a percentage not of the profits, but of the gross...
Further and unreassuring developments came last week with White Star's announcement that it would be unable to meet its half-yearly dividend on approximately $25,000,000 worth of preferred stock, that it had called on Royal Mail, its present parent company, to fulfill its guaranty. Almost simultaneously, however, came announcement that Royal Mail itself would be unable to meet its dividends. Fortnight ago Lord Kylsant announced that he had appointed a committee of bankers to investigate Royal Mail's financial position...
...specially chartered Ulen & Co. car. There Henry Charles ("HC") Ulen extended them the hospitality of Lebanon's Ulen-built country club, entertained them in his Florentine mansion at Ulen, suburb of Lebanon, and held a directors' meeting at which was declared the company's first common dividend - 40? for the quarter on a $1.60 annual basis. It was also announced that the company's first quarter net was $231,235 and that the year had begun with the company's books showing more than $40,000,000 in uncompleted work. Unusual seemed the western pilgrimage...
...Camp-Jewel. Van Camp Packing Co. of Indianapolis merged with Jewel Tea Co., Inc. of Barrington, Ill. Van Camp (pork & beans, catsup, spaghetti, evaporated milk, etc.; established 1861) passed its first quarter dividend on 7% preferred though business for the first two months of the year showed an increase over 1929. Jewel (tea, coffee, other staples; first twelve week sales $3,693,872; directorate mostly Lehman Bros, and Goldman Sachs) distributes its products direct to the consumer by means of more than 1,200 automobile routes in 40 states. Van Camp will issue $2,500,000 additional preferred...
...eleven-year presidency, Hudson & Manhattan obligations rose in the market: 1st lien 5% bonds, from 57 to 99½; adjusted mortgage income 5% bonds from 16 to 83⅜; preferred and common stocks from almost no sale to 81 and 48⅝respectively. On the preferred stock, a dividend of 2½% semiannually was instituted. Reasons for resignation: "Entirely personal...