Word: dividend
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...original contract offer. About 48% of the 33,000 employees had gone back to work voluntarily, and the strike was a failure. More than 100 planes had come off the lines during the 53-day strike, and the company was in good enough financial position to boost its stock dividend to $1 v. 75? in 1952's corresponding period...
...flock of year-end dividends and a spate of extras were declared last week. Amerada Petroleum Corp. declared an extra $1. New York Central upped its dividend 50?, and Polaroid Corp. gave stockholders one new share for every two shares held. Despite the good news, the dreary market slipped, under heavy selling of the tobacco stocks. In one day, the three biggest tobacco stocks fell more than three points each as investors took note of 1) published reports linking cigarette-smoking with lung cancer and 2) a slip in tobacco sales over the past few months. By week...
...Restaurateur Mike Romanoff shrugged off rumors that his gold-plated hash house was folding up, by informing Cinemactor Humphrey Bogart that he was declaring a 5% stockholder's dividend for 1953. Stockholder Bogart smiled as Romanoff announced Bogie's share-$50-then soured as Romanoff's waiter brought the lunch check...
...into stock-dividend trouble. I.B.M...
...forced to cut its usual 5% stock dividend in half., because the New York Stock Exchange refused to permit it to declare cash and stock dividends larger than its earnings. The company earned $7.53 a share in the first nine months of this year, and a 5% stock dividend would have lifted the value of total dividend pay ments to $15. I.B.M. stock dropped eleven points to 230 on the exchange...