Word: dividend
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...world's greatest travel system" was back on a dividend-paying basis last week. The disbursement was small−50? a share. But it was the first the Canadian Pacific Railway has paid since 1932, when stockholders were lucky to collect a paltry 31¼?out of dwindling profits...
...production that boosted gross sales to nearly $2,000,000,000, net profits were down to $63,642,322, some 10% under the preceding year. But to stockholders the shocker was that earnings plummeted so fast in the last quarter that Big Steel failed to make its $1 quarterly dividend (by 19? a share) for the first time since September 1942. Increased labor costs and production changes accounted for much of the last quarter's decline...
Most corporations, faced with renegotiations, still took a cautious view of the future, especially dividend-wise. The Department of Commerce reported that dividends paid in December brought the year's total to $3,541,400,000, up only $12,600,000 over the preceding year. A large chunk of the rest of profits went into reserves to cushion the shock of reconversion...
...Britain, U.S. Marines brought seven days of breathless climbing and vicious fighting to an end by capturing Hill 660. A minor battle by global standards, it was also one of the bloodiest yet fought by the Marines in the Southwest Pacific. The dividend: early use of the Cape Gloucester airfield, whence bombers could strike at Rabaul...
...Guinea, Australian troops seized Sio, a Japanese barge center. The dividend: when these units join Americans, now pressing ahead on the rugged Huon peninsula coast, the stage will be set for a drive on Madang...