Word: dividend
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...I.D.S. paid off the savers, it had trouble making money for its own stockholders. They have gone twelve years without a dividend, and the company's stock was selling as low as $3 a share in 1949, just before Financier Robert R. Young's Alleghany Corp. bought 93.6% of the voting stock (TIME, May 9, 1949). Young now controls I.D.S.'s $1 billion by the $1,968,000 he put up for the stock at $17 a share. He kept I.D.S.'s President Earl E. Crabb, 69, and its star salesman, Vice President Grady Clark...
...results have justified Young's belief that Alleghany got a bargain. The stock now has a market value of $6,000,000. And though I.D.S. still hasn't paid a dividend, it earned $35 a share in profits in 1950-51. When it finishes paying off high interest plans (5% and 6%) sold in the '305, it may start paying dividends. "We're in this strictly as an investment," said Bob Purcell, "and we're in it to stay. We figured that the investment business of the country was moving from Wall Street to Main...
...Dividend. In Manhattan, when Aaron G. Bass's car was stolen, he notified police, who brought him the car. also a summons to pay fines totaling $96 on five traffic tickets found in the glove compartment...
...earnings were good. When Wilson & Co. reported that earnings were too small to pay the regular 25? dividend, Wilson dropped nearly two points to a new low of 10. The stock of Celanese Corp. dropped 2⅛ points to 42⅞ when the company reported that its second-quarter profits, hard hit by the textile slump, were down 95% to $215,327, not even enough to cover the dividend on the preferred stock. Western Union, which reported that the seven-week telegraph strike caused a $3,902,125 half-year loss...
...some of Raytheon's promising other products, such as the Radarange, are still too expensive or not yet ready for mass production. Raytheon, which has never paid a dividend, hopes to have them ready to cash in on when its arms orders are filled. "Our biggest test," says President Adams, "will come in 1954, when the rearmament crest is passed...