Word: dividend
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...success boomed the stock of a flock of lesser companies planning Florida land developments. Universal Controls, an electronics maker, moved from 84 to 97. Both stocks have more than doubled since Jan. 1. Last week Universal announced a four-for-one stock split, plus a 10% stock dividend and a boost in the yearly cash dividend from $1 to $1.20 on the present stock. General Development leaked word of a three-for-one split, planned after the company distributes a 25% stock dividend...
...year-old Bonwit Teller next door and nearby 121-year-old Tiffany & Co., added Gunther-Jaeckel, Inc. to its string. In taking control of Gunther-Jaeckel, Hoving got more of the kind of elegant tradition he likes, also a challenge to his merchandising skill (Gunther-Jaeckel last paid a dividend in 1945). But fellow merchants figured he would soon figure out a way to fit Gunther-Jaeckel into his spreading operation. Pursuing a policy of aggressive expansion, his Bonwit Teller already has two suburban branches operating in Manhasset, L.I. and White Plains, N.Y., a third projected (in Millburn, N.J.), plus...
...half a dozen companies weighed in with stock splits and higher dividends. Rocket enginemaker Thiokol Chemical Corp., drugmaker Chas. Pfizer and Colgate-Palmolive split three for one, Lily-Tulip Cup two for one. Eastman Kodak, whose stock has nearly doubled in value, to $152.50 a share in the last two years, voted a new share of stock for each one held, then tacked another 9? per share onto its dividend. With that kind of news last week, who could blame anyone for buying a share of U.S. industry...
...brings to P-B exceptionally high profits of 9? per revenue dollar. P-B announced this week that 1958 earnings rose 7% to $4.4 million on gross income of $51.3 million. P-B will split its stock three for one (current price: $92.50), boost the annual dividend rate from...
...support from the 17,000 Aluminium shareholders. Portal promised a sizable dividend boost. In a final desperate gesture, Portal called in 14 leading old-line British banks, who claimed to control 2,000,000 of Aluminium's 9,000,000 shares, to help in buying more shares. The banks said they would pay $11.48 a share for one-half of each stockholder's holdings if he would keep the rest three months, i.e., until the fight was over. This only made stockholders madder, since it showed that the original price to Alcoa had been much...