Word: dividend
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...present production rate American Tobacco on Luckies alone will make $46,000,000 less than last year, may earn no more than $3 a share toward its $5 worth of 1933 dividends. Last month American Tobacco gave up its usual $1 extra dividend and last week Mr. Hill, worried by stockholders' suits, renounced for the future the $380,000 he might have had as a management bonus. But what most worried Mr. Hill was 10? cigaret sales. Present estimated annual rate of production gives to two of the ten centers alone 20% of the total, makes the "Big Four...
...American Tobacco Co., maker of Lucky Strike, one of the four big 15? brands, paid its regular quarterly dividend of $1.25 but omitted the usual $1 extra dividend. Wall Street heard that President George Washington Hill of American Tobacco was planning to cut prices below the $6 per 1,000 at which Luckies now wholesale, has sworn to run 10? cigarets out of business if he has to make them himself...
...seven years ago B. & K.'s president, Sam Katz, became Paramount Publix's vice president in charge of theatre operations. For the past two years Paramount Publix has not been doing so well (see p. 46), nor has B. & K., which lately passed its $7 preferred stock dividend. Two months ago Sam Katz resigned from Paramount Publix after directors refused to support his management policies. Last week as a natural sequence he resigned as president...
Fortnight ago the No. 1 corporation of the world mailed $42,000,000 in dividends to 700,000 shareholders. It was the biggest regular quarterly dividend ever paid by any corporation, received by the biggest single body of stockholders in the world. Few shareholders realized another unique feature about the payment: the checks bore a dead man's signature. They were valid, however, because their real signer was not the Treasurer, but A. T. & T. itself...
...First National Bank could no longer sit on common stocks, he organized one of the first bank affiliates, to sit for him. It is well known that First Security Co. is a big holder of common stocks, that it has contributed generously to First National's fat annual dividend of $100 a share. So well and so long did the bank and its affiliate sit that in 1920 Mr. Baker's (and his son's) holdings of First National shares had a market value of more than...