Word: dividend
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...annual meeting over closed-circuit color television in Rockefeller Center, and announced that profits are at records and that sales of color TV sets are 40% above last year. From Standard Brands to Xerox, dozens of major companies reported record first-quarter earnings. So far this year, increased dividends have frequently gone hand in hand with better profit figures, including those reported by many of the big oil producers as well as by IBM, Nabisco and Lockheed Aircraft. Lift for Stocks. One dividend boost in particular stirred talk and buying on Wall Street. Reflecting record first-quarter profits...
...They are considering raising the $2.50 admission price to eliminate tourists and curiosity seekers, but they have not reached the point of discouraging size and superlatives. For one thing, the Hanover Fair is a corporation-and ballyhoo and bigger figures over 17 years have produced an annual 4% dividend for Hanover and Lower Saxony...
...exceed $100 million, and his personal fortune is estimated to be at least $25 million. But Venezuela's courtly Eugenio Mendoza, 56, is more than his country's leading industrialist; he is also its leading philanthropist. Says he: "We businessmen always talk about the need to make dividends for our shareholders, but we must also create a dividend for the community...
...Mendoza granted bonuses and set up profit sharing for his workers; today, his 5,000 employees receive nearly half as much in profit sharing as they do in salaries. He supports agricultural research, sponsors book publishing, scholarships, Caracas youth centers, and an exhibition gallery for artists. Another dividend to Venezuela has been the Children's Orthopedic Hospital, which he built in 1945. His eldest son's tragic death by drowning in 1952 has impelled him to do even more for children. He founded a children's nursery in Maracaibo in his son's memory. His current...
...over 1961, but its earnings report was even more impressive: profits jumped to $65.4 million-a 489% rise. With its stock selling last week at $86 (up from $38.50 last summer), the company celebrated its success by announcing a 2-for-1 split and doubling its quarterly dividend to 50? a share...