Word: dividend
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...bulls had other good news. Aircraft shares got a lift when Douglas announced an extra dividend of $1.50, in addition to the regular $1 payment; the stock shot up 6½ points for the week. Douglas sales set a peacetime high of $874 million in 1953, and profits rose to $15.50 a share. Republic Steel reported that 1953 earnings were $56,743,547, second highest on record, equal to $9.25 a share...
...taxpayer supporting certain members of his or her family will be entitled to "head of the family" status, thus giving the taxpayer the full income-splitting tax benefits now allowed married couples. This will save such taxpayers a total of about $50 million a year. ¶ "Double taxation" of dividends (i.e., the corporation pays taxes on its income and then the individual pays taxes on the dividends) will be gradually reduced. The first year the new code is in effect, the first $50 of an individual's dividend income will be exempt; the second year, $100. On the remainder...
...dividend provision was by far the most important of the week's tax announcements. While it was presented chiefly as a step to erase "inequity," its practical purpose is to provide an incentive for investment in business, and, consequently, to encourage a faster growth of the economy. Another "incentive" revision agreed upon by the committee's and the Treasury Department's experts and ready for approval: a proposal to permit business to make big early deductions for depreciation of new plants and equipment...
...Stuttgart, turned out $24 million worth of lenses, surveying instruments, microscopes and other goods, half of which were sold abroad; the Zeiss Ikon (camera) division at Stuttgart, turning out everything from a $15 box camera to the $300 Contax, was able to declare an 8% dividend...
...security rates rose from 2.6% to 2.9%. As credit tightened throughout the economy, builders complained about the new shortage of mortgage money, retailers warned darkly of a sales slump if the hard money policy continued, the stock market jiggled to a year's low of 255, thus pushing dividend yields up to 5.8%, in line with the rising trend of Government bond interest (see chart). George Humphrey did not need to be told what to do; he cut the interest rate on his next issue, while the Federal Reserve Board reduced bank reserve requirements to make more credit available...