Word: dividend
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...first time, Cessna is forging ahead of rival Beech Aircraft ("across the street" in Wichita) as the No. 1 maker of private planes. Cessna announced first-half earnings for fiscal 1959 of $3.92 a share v. $2.45 last year, declared a 25% hike in its quarterly cash dividend to 50?. The company's conservative projection of the year's earnings: $7 a share...
...cheeriest spring in years in Detroit, with the loudest notes of optimism coming from Ford. The company last week boosted its quarterly dividend from 40? to the 60? quarterly rate it was paying up until last fall; its first-quarter earnings will be more than $2.25 a share v. 42? last year. Ford's Vice President James Wright flatly predicted a 6,000,000-car year-the most optimistic projection this year. His optimism was based on the rising production of the industry (1,683,326 autos to date compared to 1,290,587 last year...
However rather than a display of weakness the tight competition is a sign of the squad's terrific depth and balance and can be looked upon as a dividend of last year's amazing results when every lightweight crew in the boathouse went undefeated throughout the season. The varsity eight contains five sophomores including stroke Tony Goodman. But perhaps the most surprising fact is that the three returning members of the championship Henley crew, --Rowell Chase, Mike Christian, and Captain Mark Hoffman--due to the reversal of varsity and J.V. boats on Thursday, are in the J.V. eight along with...
...strength came from a new move into the old blue-chip favorites by big investors who were sitting on the sidelines waiting for the big board to settle down. Buyers rallied to International Business Machines after President Thomas J. Watson announced a 3-for-2 split and an increased dividend; they bid for Ford after Ford Foundation successfully sold an additional 2,000,000 shares of Ford common without trouble. At the same time, such speculative favorites as General Development and Universal Controls (TIME, March 30) ran into waves of selling, were sporadically held off the market when trading volume...
...million, and may easily earn as high as $64 million, or about $11 a share, if Romney's confident expectation of 350,000 Rambler sales holds up. Earnings are piling up so fast that Romney is expected to ask the company directors to declare the first cash dividend since 1954, when it was 12½?; this time it looks as if the dividend will be about...