Word: dividend
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There was also a summer sprinkling of dividend increases. Ford Motor Co. boosted the quarterly dividend from 60? to 75? and R. J. Reynolds Tobacco...
...common complaint about growth stocks is that they rarely, if ever, pay dividends, thus do not provide a steady income. But, says Sherman Fairchild, "this question of dividends has been given much more importance than is due it. If a stock doubles in value every five years, it actually pays a dividend of 20% a year if you sell half your stock at the end of a five-year period, and it is taxed as a long-term capital gain. There is no point in making artificial distinctions between stocks that pay income and those that do not pay income...
...DIVIDEND INCREASES by U.S. corporations in June were less than year ago, even though more companies increased dividends in first half than last year, reported Standard & Poor's Corp. Outlook: fewer dividend increases in the second half because earnings gains have fallen short of early 1960 expectations...
...offered. But the Central is paying no dividends, while the C. & O. has paid dividends all but two years since 1889, currently pays $4 per share. The C. & O., which had guessed down to the dollar how far the Central would go to top its offer, is counting on its sound financial position and dividend prospects to impress B. & O. stockholders more than the Central's bait...
...balked at the lagging company's conservative policies. Cobb expanded into new merchandise, but he failed to stop the sales slide, which has continued every year but one since 1952. For the first five months of 1960, sales fell off 5.6%, and the directors cut the quarterly dividend from 50? to 25?. At the annual meeting in May. Cobb came under heavy fire from irate stockholders, finally confessed: "We made mistakes, some glaring. Our mistakes were made in an aggressive way, in an attempt to do too much too fast." Now acting as president is Board Vice Chairman Thomas...