Word: dividend
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...Steel companies were not so fortunate. Second largest Bethlehem Steel Corp. had its lowest quarterly earnings in four years-$23,158,000 on sales of $628,642,000. Bethlehem directors nevertheless voted a quarterly dividend of 37.5? a share, but said that there would be "no further dividend action" this year. Armco, Allegheny Ludlum and Lukens also reported declines...
...bankrupt Erie in 1939 when Woodruff, then one of the road's few able executives, took over as a court-appointed trustee. He needed only two years to get the company out of receivership; a year later, as president, he was able to announce a $1 common-stock dividend-first for the hapless Erie in 69 years...
...Lafayette Square. Admirers tended to forget-Baruch never did-that in the forenoon of that career, he had also been one of Wall Street's craftiest speculators. Baruch could be bearish or bullish. He once sold Amalgamated Copper short and realized $700,000 when Amalgamated reduced a dividend, causing its overpriced stock to tumble. Another time, alerted by a newspaperman that Commodore Schley had beaten the Spanish at Santiago, virtually ending the Spanish-American War, Baruch spent July 4, 1898, on the cable buying U.S. stocks in the London market. Next day he made a neat profit when...
...brokers have ever heard of Cloverlay Inc., but in its own way it ranks right up there with Xerox as a growth stock. The plungers who risked $250 for a single share of Cloverlay stock in 1965 have since received splits and dividends that have boosted the value of each original share to $3,600. And that was two weeks ago. Last week in Manhattan, an ex-slaughterhouse laborer from Philadelphia named Joe Frazier stamped himself as the No. 1 contender for Cassius Clay's vacant heavyweight title by stopping Canada's durable George Chuvalo in the fourth...
...city dump, long an eyesore and inconvenience for the surrounding neighborhood which has had to endure blowing garbage and billows of smoke, will be replaced by an incinerator. The real dividend for Cambridge will be new land for development; the dump is one of the last remaining large tracks of virgin real estate in the City open for public or private...