Word: dividend
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...three-two split of shares now at 497 was the tenth since 1926; it meant that an investor who bought 100 shares for $2,750 when IBM was founded 52 years ago would now have 19,231 shares worth $9,557,800, along with $586,300 in dividends. Speaking of dividends, such corporations as Borden Co., Olin Mathieson and American Tobacco raised theirs last week on the strength of sturdy earnings. Even Jersey Standard, whose earnings slipped 1½% to $1.04 billion last year, felt secure enough to raise the quarterly dividend from...
Explaining his business successes, Hammer says: "One thing leads to another. You see an opportunity, and everything after that falls in place." In 1944, Hammer saw a new opportunity when he learned that the American Distilling Co. was about to declare a dividend of one barrel of whisky per share. He bought 5,000 shares on margin-and to make his 5,000-bbl. dividend go up further, he mixed the whisky with alcohol made from potatoes purchased from Government sur pluses. The blend was sold to the wartime whisky-parched public and to other distillers. To produce the alcohol...
...total $143 million equity of Fried. Krupp Hüttenwerke A.G., a recently organized coal-and-steel subsidiary that forms only a fraction of the Krupp holdings. Each of the preferred shares issued at a par value of 100 German marks ($25) carried a guaranteed annual dividend of at least 10% for the next 10 years. With such a sweetener tagged on, the Krupp shares opened at $39.75 on the West German exchanges, and at week's end were selling...
...company, whose products range from aluminum to antibiotics, expanded too rapidly during Il Boom, found itself strapped by ambitious commitments, soaring wages and increased building costs when Il Sboom-the recession-hit Italy. Unable to obtain a needed $72 million loan in a shrinking capital market, Faina skipped a dividend for only the second time in 18 years, looked around for other relief. He found it in a partnership under which the Royal Dutch/Shell Group put up half the cost of Montecatini petrochemical plants abuilding at Ferrara and Brindisi...
...hydrogen fuel also promises to pay an extra dividend. To be kept in liquid form, it must be stored in refrigerated tanks at a temperature of - 423 °F. And since a plane moving at scramjet speeds will be seared by the heat of friction as it moves through the atmosphere, the frigid hydrogen will make an ideal coolant to be pumped through the skin of wings and fuselage before it is burned...