Word: dividend
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...biggest surprise came from U.S. Steel, whose directors late one afternoon boosted the quarterly dividend 25?, to $1 and announced a two-for-one stock split, the first since May 1949. Next day the rush to buy was so great that trading in Big Steel could not open for an hour and a half; it finally opened at 78, up 5½ points from the night before, and other steel stocks surged forward. Next day, traders were disappointed that Bethlehem Steel did not split its stock, as rumored, but were pleased enough by Bethlehem's fourth-quarter earnings...
...stock was Pantepec Oil Co., a small company listed on the American Stock Exchange. In his Jan. 9 broadcast Winchell had a "piece of big advance news" that Pantepec had discovered "substantial oil reserves in the El Roble fields in Venezuela," and would hand out a stock dividend...
...April, said McGinnis, the New Haven wound up 1954 with a net income of $9,000,000. As a result, he would be able not only to pay off $2,400,000 on the New Haven's income mortgage bonds, but also to hand stockholders a welcome dividend: $1.25 for preferred shareholders and a proposed 10% stock dividend for common shareholders. Furthermore, said McGinnis, heading off possible complaints that he is making a profit by cutting maintenance, the New Haven will modernize 1,000 old 81 boxcars built in 1941, thus extend their life eight more years, and spend...
...insurance company works out its own mortality table, builds in one safeguard after another to pile up a massive reserve to protect itself against "catastrophes" and meet legal requirements. The mutual companies (i.e., policyholders participate in profits), which sell 70% of U.S. life insurance, pay out surplus earnings as "dividends" to policyholders. But to the policyholder, an insurance "dividend" is actually no earning. Says Northwestern Mutual Vice President Robert E. Dineen: "In our business a dividend is actually the return of an overcharge, and to that extent the term 'dividend' is somewhat of a misnomer." Although U.S. insurance...
...about $1,000,000 v. $425,559 in the same month last year. He has cleaned up $4 of arrears on the preferred stock and, in the first quarter of 1955, hopes to pay off $5 due this year. He is also "very hopeful" of announcing a 5% stock dividend in the spring, and another 5% in the autumn...