Word: dividend
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...million. In 1951, Socony-Vacuum, representing merely two of the 34 units into which the Supreme Court split the trust, earned nearly twice as much-a thumping $160 million ($5 per common share) and a 25% gain over 1950. At the news, Socony's directors declared a March dividend of 50?, up 25% from the last quarter, and Socony's stock pushed up to 40. Just ten years ago it sold...
...total, $7.6 million came from interest on loans, $8.7 million from scaling down the amount RFC set aside for losses. In addition to its $16.3 million dividend, the agency turned over $79 million in profits from RFC's synthetic-rubber-production monopoly, tin sales and liquidation of wartime assets...
...Father's Little Dividend...
Increased production, sales and prices raised Anglo-Iranian's net profit in 1950 to $94.5 million (v. $51.6 million in 1949), the biggest ever earned by a wholly British corporation. Despite the nationalization trouble, stockholders will get their regular 30% dividend* or 84? a share. Iran's slice for 1950 was $45 million in royalties. If Iran had accepted the company's 1949 proposal to increase royalties, Iran's 1950 royalties would have been $94 million. This year, said Sir William, under a new proposal for a 50-50 profit split, Iran would have received about...
...under water" (i.e., had a book value of minus $1,000,000), to 1950 sales of $74 million and a book value for the stock of $12,000,000. But, in letters to stockholders, Green had a ready retort: how come the company hadn't paid a single dividend during its 13-year convalescence...