Word: dividend
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...dividends of business trusts having transferable shares distributed among individual shareholders in the same way as all other dividend income...
Paper Deal. In return Nelson got only an I.O.U. from Bellanca for the $3,600,000. Albert worked a slick trick to pay off the note without using any cash. He ordered Nelson's board to vote a $33-per-share dividend, even though Nelson did not have that kind of money. Since Bellanca held all but 3% of the stock, its dividend totaled just about $3,600,000. Instead of paying the dividend, Albert told Nelson to credit Bellanca with the amount. The declared but unpaid dividend would in effect cancel out the $3,600,000 debt...
...late as 1954, trading was largely limited to bonds; now stocks are starting to take over the market. Last year the German government passed a new tax law cutting corporate taxes by 25%, thus making dividend-paying stocks a more attractive method of corporate financing. In short order, 100 big German firms issued some $300 million worth of new stock issues, more than during the entire six-year period from 1949 to 1955, pushed dividend rates as high as 7.2% compared with only 2.9% in 1953. In the scramble to buy, West Germany's stock average of 17 industrial...
...line marine construction and salvage company into a burgeoning industrial complex (paints, chemicals, steel, truck trailers, shipbuilding). Assets soared 138% to $239.5 million; the gross went up 800% to $360.3 million. But as the empire grew, so did its financial needs. Wolfson halved the regular annual $2 dividend last March to $1 plus a 6% stock dividend. He intended to save cash...
...shrewd management and impressive assets outside Egypt. Long before Nasser took over, the company had been preparing to get out. Anticipating the end of the 99-year concession in 1968, it bought back more than half the original shares for redemption, paying off in cash and new limited-dividend shares. The company has also been diversifying into foreign investments, today holds shares in some 700 corporations all over the world, with an estimated book value of $46.5 million. While details of the portfolio are denied even to stockholders by the close-mouthed management, the company is known to hold blocks...