Word: dividend
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...Loew had abolished all profit-sharing contracts for executives, eliminated retirement plan payments for everyone making more than $500 a week, cut in half the payments for other employees. Earnings in the second quarter this year would be up, he predicted-more than enough to cover the 25? quarterly dividend. Loew's hopes to put out better movies, he said, and is also studying TV possibilities. M-G-M has 1,000 sound features, plus another 1,100 sound shorts adaptable to TV; MGM's current TV show, M-G-M Parade, is al ready "a good income...
...retirement speech as president of the Manchester Chamber of Commerce, Pardoe pointed out that for years the Lancashire textile trade has been calling itself "depressed," and screaming for government protection from foreign competition. The fact was, Pardoe said, that the average dividend of 62 leading spinning concerns last year was a whacking 23.4%-only a fraction less than 1954, when dividends were at a 3O-year peak. "Some slump," said Harry Pardoe sardonically...
...took a photo to separate the four; Jockey Eddie Arcaro had booted Nashua home by a head. Second was Social Outcast, third the tired Sailor. As a first dividend for his new owners, Nashua earned $92,600, boosting his earnings to $1,038,015, making him the second millionaire horse in turf history, just $47,745 poorer than Citation...
...North Western has paid no dividends on its common stock since 1950, and recently lost to the Milwaukee road its 66-year-old agreement with Union Pacific to bring transcontinental passenger trains into Chicago from Omaha. While most railroads turned in impressive earnings records last year, the North Western did not even make its $5 preferred dividend. Heineman wants to jack up the management, eventually arrange a merger of North Western and the Chicago, Milwaukee, St. Paul & Pacific Railroad, save perhaps $30 million yearly by the consolidation...
...laid plans to add 100 new catalogue-order offices, stepped up advertising, put new emphasis on installment selling. As a result, gross sales for 1955's final eleven months were up 10.1% to almost $1 billion, and are expected to grow even faster in 1956. Furthermore, the annual dividend was boosted from $3.50 to $4, plus a year-end extra...