Word: dividend
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...Atlantic City, before 22,000 rapt spectators, an annual rite was performed. After a select group of American beauties had paraded their assets for all to assay, South Carolina's blonde, blue-eyed Marian Ann McKnight, 19 (assets: 35-23-35; dividend: a singing imitation of Marilyn Monroe), was handed a queenly scepter and crowned Miss America of 1957. After sobbing a moment, but not at the thought that her title will net her close to $75,000, the queen threw her head back and said: "Who would have thought this could happen...
...been the reluctance of U.S. firms to let Canadian investors buy stock in their profitable Canadian subsidiaries. Largely responsible for the aggravation was a kink in the tax agreements between the two countries. A Canadian subsidiary that was 95% U.S.-owned paid only a 5% tax on the dividends it remitted to the parent company in the U.S. If the proportion of U.S. ownership dropped below 95%, the dividend tax rose to 15%. Rather than have dividend taxes tripled, U.S. companies shied away from selling stock to Canadians...
...requirement on foreign ownership to 51%. When the treaty is ratified by Parliament and Congress, probably at their next sessions, U.S. firms in Canada will be permitted to sell up to 49% of their stock in the country where they do business and still qualify for the low 5% dividend tax rate. Canadians will then be able-and probably will be urged-to make a tenfold increase in their investment in U.S. subsidiaries in Canada...
What angered the insurgents was the fact that Virginia-Carolina's sales in 1955 were down 9.3% to $77 million annually. In the past nine months V-C profits slipped 50% to $329,000. Furthermore, V-C had never paid a dividend to common stockholders, while funneling out $17 million since 1946 to preferred stockholders (largely Allied Chemical & Dye Corp., also a good customer). Insurgents also criticized the fact that President Howell had a big stock option in addition to his $78,000 annual salary, reportedly made more than $100,000 in the past 20 months...
...applied research. European scientists were quick to capitalize on Carothers' findings, developed other synthetic fibers. When Du Pont used Carothers' research to produce Dacron and other synthetic materials, the U.S. company found that it had to buy manufacturing rights from European concerns. Du Pont's latest dividend from Carothers' research is rubberlike urethane foam, used in a wide variety of end products from furniture to falsies. Urethane production has increased tenfold in the past year, should reach the 100 million-lb. mark...