Word: dividend
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Last week, under able President William J. Murray Jr., McKesson passed a milestone. Announcing that sales for the year ending June 30 were a record $356.6 million, with a net $8,766,345, the company declared the first special dividend (25?) in its 116-year history...
Equally impressive evidence was available on the optimistic side. Stocks were undoubtedly getting stronger because many of them were paying their owners bigger returns. The Department of Commerce reported that dividend payments in May were up 14% over 1948; for the half-year, added the New York Stock Exchange, the Big Board companies had paid out 11.2% more than in the 1948 period...
...Dividend. In Paris, Tex., when a nickel was removed from two-year-old Rebecca Ann Allen's esophagus, the doctor also found a penny...
...Finally," Joad concludes, "such a course has been known to give men a serenity of outlook. It may not in our present age be the best dividend-payer from the purely utilitarian standpoint, but this at least may be said of it, that it sometimes enables men to despise the wealth that it prevents them from acquiring...
...insured at the box office with such names as Marie Dressier, Wallace Beery, Greta Garbo, Norma Shearer, Joan Crawford and Clark Gable. During the '30's, while older film empires tottered, M-G-M saw to it that its parent, Loew's Inc., never skipped a dividend. For his pains, L.B. got 10% of the studio profits-a deal that made him a longtime fixture atop the annual list of U.S. big income-earners. (He now gets 7%.) He has earned his pay not so much for making good pictures as for picking good...