Word: dividend
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...slowdown began as soon as the House Foreign Affairs Committee reported out its $590 million relief bill (including a $67 million cut in the Administration's program, a $60 million dividend for China). Before it could reach the House floor, it had to be routed through the Rules Committee, headed by Illinois' Isolationist Leo Allen. The Rules Committeemen had their crowbars poised and ready...
Healthy Hellcats. In the sick aircraft industry, Grumman Aircraft Engineering Corp. was hale & hearty. Grumman, whose wartime Hellcat and Avenger designs and production earned it fat postwar Navy orders, declared a $1.50 dividend, bringing its 1947 total...
...week for Gillette. First, the razor blade company launched a $1,000,000 campaign to plug its new bright blue plastic container for 20 blades (98?). Next day, the board of directors declared an extra dividend of 50? a share, raising 1947 dividends to $2.87½ a share, highest in the company's history. The following day, Gillette's 3,457 employees got an extra week's pay as a bonus for record production...
...before he got enough money and machinery to put the safety into production. Since then the company has never lost any money, never failed to pay a dividend. But competition and the depression of the '30s sent the directors on a man hunt for someone to better the company's "disappointing" results. Spang was chosen...
Chairman Irving S. Olds reported that in the first nine months of this year U.S. Steel had netted $97,306,461 after taxes, a rise of 69% over the same period last year. (Besides the extra, its directors also increased the regular common stock quarterly dividend by 25? to $1.25 a share, thus putting the stock on an annual $5-a-share basis.) Olds also said that Big Steel "has not given any consideration to a price rise at this time...