Word: dividend
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last year the stock market often ignored bad news; the Dow-Jones industrial average reached a new high during the steel strike. Now, despite good earnings, hefty dividend hikes (see Earnings) and predictions of peak production, the market went its own morose way; the Dow-Jones industrial average dropped 23.23 points to end the week at 622.62. Auto stocks plummeted, for example, largely because of some doubt that the industry will run up the predicted 7,000,000-car year. Yet it seemed clearly headed for at least a 6,500,000-car year, the second biggest in history. Auto...
...stockholders, there was good news on all sides as company after company raised dividends. International Business Machines hiked its quarterly dividend on common stock from 60? to 75?. Swift & Co., the nation's largest meat packer, declared a special dividend of 25? a share in addition to its regular quarterly dividend of 40? a share. Directors of American Tobacco Co. voted an extra dividend of $1 on top of its regular $1 quarterly dividend. American News Co. raised its quarterly dividend from 40? to 50? a share, Johnson & Johnson from 20? to 25?, Associated Dry Goods Corp. from...
...York Yachtsman Harold S. Vanderbilt gave $2,500,000 to the Program for Harvard College, just in time to enable the monumental three-year campaign to top its goal with total pledges of $82,697,470, plus a $5,000,000 dividend of interest and appreciation already earned by Program money in the bank. Explained onetime Harvardman ('07) Vanderbilt: "This drive has acquired an almost romantic appeal for the many who love Harvard...
...that point, Chairman Hurley and C-W's board of directors had another piece of news: the company cut its quarterly dividend almost in half, from 62½? to 37½?. Sales for the first nine months of 1959 were down $40 million, with a $6,400,000 drop (to $9,000,000) in profits. Once again C-W was suspended from trading as investors tried frantically to dump their stock. When trading was resumed, C-W dropped, wound up 5⅞ points below the high...
Despite the rising popularity of shareholding, the new army of dividend receivers suffers from serious disadvantages compared with former years. For one thing, it costs more and more to get on the dividends list. From 1950 to 1959. rapidly rising stock prices cut the average yield to a new buyer of the stocks in the Dow-Jones industrial average from...