Word: dividend
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...healthy $2.79 1/16. Whether it would stay healthy was the question that international bankers were asking. They noted that such reforms as cuts in tourist allowances and overseas spending would take months to have any effect. What worried them most was that the key feature-the wage, price and dividend freeze-was voluntary, and the trade unions seemed reluctant to cooperate...
...controls. Second, Charles Carpenter Tillinghast Jr., a Vermont-born lawyer, became TWA's president and chief executive officer. Under Tillinghast's regime, TWA took the U.S. airlines' profit leadership from Pan Am-$50.1 million to $47.2 million last year. In February, TWA paid its first cash dividend (250) in 30 years...
...first year (1896), the prices added up to $491, which was divided by twelve, the number of industrials then listed, to yield an average of 40.94. Over the years, the number of stocks listed rose to 30, but not the divisor. In fact, each time a split or stock dividend occurred, the divisor was lowered, otherwise the Dow would have dropped abruptly without a corresponding decline in the stocks' intrinsic worth...
...Banking Committee Chairman Wright Patman wants to outlaw all C.D.s on the ground that they have become "financial monsters." Congress will probably give the Johnson Administration about what Fowler asked. Whether it will act fast enough to protect savings and loan associations from heavy savings losses after their semiannual dividend payments next month is doubtful...
...family whose net worth does not exceed $2,000 a year (or $5,000 for the elderly) would be asked to spend one-fourth of its income on rent; the Federal government would make up the difference on the rent charged. Only buildings owned by non-profit or limited dividend organizations (unions or churches, for example) would be subsidized. By thus supplementing its existing public housing and subsidy programs, the government hopes to encourage such groups to undertake more projects...