Word: dividend
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Everybody talked about Mann, but nobody dared do anything, since his facts were unerringly accurate. Mann had his price but he rarely used direct blackmail. Instead he "sold" his victims advertising in Town Topics, stock in his corporation (which never paid a dividend), or subscriptions to his Fads and Fancies of Representative-Americans, the colonel's hypocritical who's who in society. John Jacob Astor bought. So did J. P. Morgan, Mrs. Collis Huntington, Clarence Mackay, three Vanderbilts and scores of others...
...submitting to such exposure, actresses earn about $100 a film, and the whole production budget wouldn't pay the cigar bill on a Darryl Zanuck picture. The average is $8,300, and it is small wonder that the leading studio in the field, Kokuei, paid stockholders a 30% dividend this year. Three of Japan's big five prestige producers-who refused to resort to eroductions-have paid no dividend...
...stockholders approve, Big Steel will issue debentures−a form of promissory note−in exchange for the 3.6 million shares of its preferred stock now outstanding. Unlike the preferred stock, which represents equity in the company and guarantees a fixed annual dividend before any common stock dividends are distributed, a debenture is a company obligation that earns interest for its holder. To make the offer more palatable, U.S. Steel will pay debenture hold ers about $30 million annually in interest, instead of the $25 million they now receive in preferred stock dividends...
...sions on currency-exchange transactions that they have had little incentive to push stock purchases. Long confined to only two hours a day, the trading sessions usually took place amid such bedlam that little serious business was ever ac complished. In recent years, taxes of up to 85% on dividends and Brazil's runaway inflation have made the stock market less and less attractive to investors. Only three months ago, daily trading volume on the Rio exchange fell to practically zero for many leading companies. Then came a sudden and dramatic change. Last week, having broken all records...
...spectacular in the second half, Washington policymakers figure that the gains already have been so great that the Government's official estimate of $61 billion in corporate profits for 1965 will probably be exceeded. Investors are reaping the benefits; in this year's first six months, cash dividend payments increased 11% to $9.2 billion...