Word: dividend
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...operation. So far, Revlon has paid contestants only $175,000 and two Cadillacs. Sales of such Revlon paints and powders as Love That Pink, Living Lipstick and Touch and Glow are up as much as 50%. Its nearest lipstick competitor, Hazel Bishop, had been forced to pass its quarterly dividend...
...Chicago lawyer, who with a group of associates recently spent 18 months secretly buying up stock in the Minneapolis & St. Louis Railway, finally waged a proxy fight to win control. When Heineman took over, M. & St. L. stock was selling at 24. He declared a one-third stock dividend; the stock...
...will the market go? Last week it was possible to get all shades of opinion on Wall Street. One broker even predicted that the Dow-Jones industrials would hit 1,000. But some brokers lifted warning fingers. Stock prices have been going up so high and so fast that dividend rates have not been keeping pace. Traditionally, brokers start to worry when yields of stocks and bonds get close. They fear that many investors, discouraged by comparatively low stock yields will start shifting from stocks to safer bonds, possibly touching off a major decline in stock prices. Last week yields...
...Holding Companies Act. Louis Wolfson and friends bought control (46.5% of the shares) for $2,189,160. Capital Transit was a conservative old company, with a fund of more than $6,000,000 set aside for a rainy day. Since 1942, it had been paying a $2-a-year dividend, but dwindling earnings had forced it to cut its dividend to 50?. Wolfson immediately restored the $2 dividend, paying out a total of $480,000 to himself and other stockholders the first year, though the company netted only $332,000. By 1951 the dividend had been doubled...
...line will connect the Santa Fe Railroad's Chicago-Galveston main line directly with fast-growing Dallas, cut 63 miles off a roundabout route south of Fort Worth for Dallas-bound freight, save up to half a day on delivery. Passengers will also collect a dividend. Starting next December, Dallas residents, who now go ignominiously to Fort Worth to catch the Texas Chief, will board it in their own city...