Word: dividend
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...lonely dissenter, he came home to something of a hero's welcome. Several hundred Arkansans, unwilling to wait for his arrival at Little Rock, rode by wagon and horseback some 45 miles to De Valls Bluff to cheer his return. Later, the bishop received an unexpected dividend from the very declaration he had opposed.* Bismarck's Kulturkampf drove many persecuted German Catholics to the New World. Fitzgerald, a hearty, outgoing man who kept his home open to any traveler, managed to attract some of the refugees. There had been only 1,600 Catholics in his diocese when...
...that Ling was no longer in control of the company. Last week the company made an $11 million interest payment on its 5% debentures. Part of the money was cash on hand, but part was generated by reclassifying a block of stock of LTV Aerospace, a subsidiary, into a dividend-paying issue and then declaring a dividend to the parent company...
...bank and obtain, for example, $4,000 a year for five years (or $20,000 all together) to buy stock in corporations. The bank, protected against loss by the Government insurance, would put the money in escrow; a trust officer would buy a diversified portfolio of dividend-paying shares. Kelso figures that the stocks would ultimately pay for themselves through dividends. Thus the borrower could pay off the loan, then own the stocks outright and enjoy a dividend income from $20,000 of capital...
Raising the Dividends. At present, a $20,000 portfolio of high-grade stocks generally pays about $1,000 a year, or 5% in dividends. But Kelsonian economics calls for a return of at least 20%, or $4,000 a year-a level that Kelso figures could take 5,000,000 families off the welfare rolls in five years. To increase the dividend payout, Kelso would gradually abolish corporate income taxes and require companies to distribute all of their earnings to stockholders. Kelso maintains that the Government's revenue loss would be temporary and bearable. One reason is that rising...
...Rental, Staco, Inc., Wilson Sporting Goods, Allied Radio and Whitehall Electronics, as well as most of the conglomerate's holdings in Computer Technology and some of its stock in Braniff Airways. Last week the cash squeeze got worse when Jones & Laughlin directors voted to omit the quarterly dividend−cutting off $4.2 million in income that LTV could have applied to its debts...