Word: dividend
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Steel directors met in Manhattan to announce half-year earnings and take action on the preferred dividend...
...operating profit of about $7.50 against $5.36 for the full year 1934. Thus it was clear that U. S. Steel had got a firmer grip on the costs of its Brobdingnagian household. Nonetheless the directors, still unconvinced that Recovery is here, voted last week to continue the preferred dividend...
Last week Inland Steel celebrated its 50% rise in earning with a 25? extra dividend in addition to its regular 50? dividend. Typical of hustling steelmakers who in the last 15 years have whittled U. S. Steel's share of the nation's ingot capacity down from 45% to less than 40%, Inland Steel has doubled its own ingot capacity since 1925. Last year it completed a four-year program of diversification by building a tin-plate mill. Its sales and profits this year came chiefly from sheet and strip steel...
...from Plymouth, trimmed management expenses in general. The rich fruit of this cost-stabilizing policy was apparent in the percentage comparisons of this year's earnings which showed that while dollar sales increased 30%, dollar profits jumped 126%. Last week the board of directors voted a regular quarterly dividend of 25?, a 25? extra...
Depression was hard on the fountain pen business. Sheaffer had a $676,000 deficit in 1933. Common dividends stopped. Business improved the following year and for the fiscal year ending Feb. 28, 1935 the company announced a net profit of $442,000. Last week Sheaffer Pen celebrated Walter Sheaffer's 68th birthday by moving up from the New York Curb Exchange to the New York Stock Exchange, listing 162,355 shares of common stock on which the dividend ($1) was resumed last March. Said portly, affable President Sheaffer: "Business is satisfactory, very satisfactory...