Word: dividend
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...smartly drawn so that a corporation that set its capital value low for Tax No. 3 would find itself pinched by Tax No. 4 on excess profits. The gasoline and dividend taxes have been regularly collected since the law's passage. The first capital stock tax payment was due last week but the Treasury obligingly postponed the date to Sept. 29 because of a delay in distributing blank returns. Excess profits for 1933 are taxable when corporations make their regular income returns March...
...ratification of the 21st Amendment with the Secretary of State, the National Recovery Act requires the President to proclaim the date of Repeal. Much depends on whether that date is before or after Jan.1. If it is before, the gasoline tax drops back to 1? per gal. and the dividend tax becomes void as of Jan.1. If it is after, these taxes continue to operate throughout the calendar year of 1934 despite the fact that liquor taxes will also be collected during this period...
...Following increased earnings Chesapeake & Ohio Railroad last week, obeying the hopes of its stockholders (TIME, Aug. 28), upped its common dividend from $2.50 to $2.80 a year. To raise the C. & 0. dividend must have felt good to the Brothers 0. P. & M. J. Van Sweringen. Their Chesapeake Corp., which holds 3,826,000 shares of C. & 0. stock, will therefore get $1,140,000 more in dividends. If the value of Chesapeake Corp. stock rises it will benefit their Alleghany Corp. whose assets are now impounded by the trustee of its bond issues. Alleghany's assets include Chesapeake...
...next three years. Thus, by implication, Governor Norman set himself more strongly than ever against a policy of British price & wage raising. Indignant clerks in the Bank of England, now being completely rebuilt at a cost of some $25,000,000, pointed out that despite this expense its last dividend to stockholders was paid at the fat old rate of 12%. The staff's cut, they estimated, will save the Bank of England only a paltry $453,000 per year...
...sacrifice. I am very willing, and intend to turn over all my assets to liquidate the remaining amounts which I may owe so that I may. unencumbered and unmolested, devote myself from now on to the interest of making better motion pictures." ¶ William Wrigley Jr. Co. declared four dividends on its chewing gum business- one payable in each of the next four months-at the extraordinary rate of 26 30/95? per share. Not so complicated as it looks, the new rate will result in stockholders getting a monthly dividend of 25? per share as formerly. The odd addi- tion...