Word: dividend
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...president of RCA, met his stockholders in Radio City's Studio No. 8-H, world's biggest. For the last few years RCA meetings have been furious affairs, with abuse, denunciation and a certain amount of gloomy prophesying. But last autumn RCA declared its first common stock dividend, and last week Mr. Sarnoff's stockholders confined themselves to asking how about Frank McNinch and Paul Walker. Said Mr. Sarnoff: "We have nothing to conceal, nothing to hide...
...Syndicate to sell the Fox drawings for $1,500 a week, later raised to $2,000. With its profits Reynard Corp. built President Fox a house and studio at Roslyn, L. L, paid his life-insurance premiums. When suspicious Internal Revenue agents learned that Reynard Corp.'s only dividend was $20,000 given to President Fox to invest in Florida real estate, they began an investigation which landed Mr. Fox in the Board of Tax Appeals office in New York. Finding that Reynard Corp. had been formed to accumulate earnings instead of distributing them, and was thus liable under...
...President Gifford's report was confined to a dispassionate summary of the activities of the world's largest communications company. Excerpts: In 1937 it earned $182,342,866 ($9.76 a share) against $184,744,464 ($9.89 a share) in 1936. It thus barely covered the $9 annual dividend it paid last year for the 16th successive year. Total operating revenues increased 5.7% to $1,051,379,343 , but total operating expenses increased 7.5% to $708,479,450. This fact, plus the gradual dwindling of business toward the end of the year, accounted for the drop in net earnings...
...week (their writers already were paid more). He decided they would be justified in doing it. But so ingrained was the habit of plowing back profits into the improvement of the magazine that not until 1929 (circulation: 243,400) could enough money be spared to pay the first dividend on the preferred stock. None was paid on common stock until 1930. By then TIME'S loyal family of readers numbered 307,-528-187 of whom had paid $60 apiece for lifetime subscriptions (no longer sold...
...from a bank to build a new house-at 5% (in some cases 6%) interest, with the total mortgage guaranteed by the Government for a premium of at least .5% when the principal did not exceed 80% of the estimated value of the property. And ''V nited dividend corporations could get insurance on mortgages up to $10,000,000 on the same terms for large scale developments for rent to "persons of low income." The net results of all this propping and sharing of the sagging U. S. building industry were, admitted the President last week, "not satisfactory...