Word: dividend
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...practices of the dominant com pany in a German combine damage the profits of a subsidiary company, the dominant company will have to protect the subsidiary's stockholders by guaranteeing them a fixed dividend or reimbursing them with stock or cash...
...last week, the temperature was a frigid 26°, but in the grand ballroom the atmosphere of Carrier Corp.'s 50th anniversary stockholders' meeting was glowingly warm. President William Bynum, 62, announced that sales in fiscal 1964 jumped 9%, to $325 million. Directors recently voted a 20% dividend raise, and shareholders happily approved a three-for-two stock split...
...this activity (which helps the U.S. balance of payments) is an unexpected dividend of rising prosperity. As European countries achieved a better economic situation, they relaxed currency controls and thereby enabled investors to turn abroad with their traditional penchant for putting nest eggs into land rather than stocks...
...Christian Democrats, who have ruled Italy most of the time since the war, never wanted to collect the dividend tax from the Vatican, but were under strong pressure from their Socialist coalition partners. Said Socialist Vice-Premier Pietro Nenni early last year: "No Socialist can take the responsibility for giving the Vatican tens of billions of lire." Caught in the crossfire, Christian Democratic Premier Aldo Moro asked the Vatican for a list of all its Italian stockholdings, assuring the Holy
...little black bag were agreements granting the Congolese government major stockholder participation in 76 Belgian companies (ranging from the giant Union Minière du Haut-Katanga through Sabena Airlines to the Leopoldville City Bus Co.). It also contained a dividend check for $1,840,000 from the all-pervasive Belgian holding company, Société Générale-the first, Tshombe hoped, of many to come. "From this day," Tshombe proclaimed, "the Congo can call itself politically and economically independent...