Word: dividend
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...there would be no dividend just yet, even though American had doubled its earned surplus to $10.3 million. Under the debenture agreement by which American financed its postwar fleet of planes, the company may not pay dividends until its surplus tops $10.6 million. Nevertheless, the news was cheerful enough to send American's stock up 1⅜points to 11⅝; if, the highest since...
Next day, brawny (6 ft., 195 lbs.) Craig Royer Sheaffer, 52-year-old president of the biggest U.S. pen company, gave stockholders something else to celebrate: the company declared an extra dividend of $1.15 a share on top of its regular quarterly payment of 10?. Although the company's twelve-month sales had sagged 10% from $22 million in the previous year, Penman Sheaffer had been able to boost his previous $2.4 million profit...
There was plenty of good news behind the market's rise. Despite the steel strike last fall, U.S. Steel reported that 1949 earnings had set a 20-year record of $165.9 million, and raised the quarterly dividend from 50? to 65? a share. This week General Motors Corp. likewise raised its quarterly dividend from $1.25 to $1.50. The construction industry was also still prosperous ; the Labor and Commerce Departments reported that the value of new construction in January totaled $1.5 billion, a new record for the month...
Such common purpose among Western democracies was far more important than technological advantage or more atomic bombs, Monty insisted, and it might mean "some small loss of sovereignty for the common purpose." But, said Montgomery earnestly, "the premium is not very great. The dividend will be enormous-it will be peace and freedom...
Eastman Kodak Co. last week announced a "wage dividend" for its 48,000 employees of $15,500,000, biggest in the 38-year-old history of Eastman's profit-sharing plan (last year's bonus: $13 million). Though Eastman's earnings for the first nine months this year were down about 17% from 1948, it's common, stock dividend was higher ($1.70 v. $1.60 last year). Therefore, the bonus, based on the dividend paid to stockholders, was higher also. Paid to everyone employed before last October, the bonus consists of $25 for every $1,000 earned...