Word: dividend
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...corporations mailed out $833 million in dividend checks to their stockholders in October, the Commerce Department reported last week, a record for the month and $13 million above the $820 million paid out in the corresponding month...
...also at a new high. The latest New York Stock Exchange study showed 12,490,000 individual shareholders of record, up from 8,630,000 in 1956. The number of stockholders is now bigger than the number of factory workers. One in every four U.S. households gets a dividend check or checks v. one in seven only seven years ago. To keep the checks going, U.S. corporations are declaring dividends at a rate approaching $14 billion a year, against $9 billion...
...insurgents could exercise those rights. Result: Provenzano's forces caved in, last week signed a court stipulation postponing the election until mid-January, giving insurgents a fair chance to run a slate against the strong-arm regime. Without much of a court fight, Landrum-Griffin paid its first dividend...
...remembering their parents' talk of the hard poverty in their old-country village, the two brothers-who had never been there-decided on a gift for San Marco. Everyone in the village would be given 25 shares of Bank of America stock, worth $1,200, with annual dividends running to $80 or more. Said Joseph: "We felt that giving them stock, so they would get a dividend check every quarter, would put joy in everyone's heart." Argued Victor: "Then we thought that because of America's trouble with Russia . . . this might be a pretty good move...
Some in the village wanted to erect a plaque in the churchyard to their distant benefactors, financed by the first $40 from everyone's dividend check. Later they decided that $8 a head should be plenty. Other villagers argued that instead they should rename the village Saturno. "It's a great honor" said one, adding slyly: "And it costs nothing...