Word: dividend
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...flanks unmercifully. Big Hope No. 2 was that there was "something in the air." To assist this second hope, the Press of the land last week got behind the market and shoved amain. Every isolated plant to recall a few workers, every company to show good earnings, every regular dividend declared was shot out over the wires as news of a revival bestirring itself, served to stimulate buying by the public...
...Steel Dividends. While newshawks who had been waiting about an hour held a mock directors' meeting, irreverent & bawdy, the solemn directors of United States Steel Corp. pondered the worst quarterly earnings statements in the company's history. They finally decided to vote the regular preferred dividend, but in explaining the action to the Press Chairman Myron C. Taylor made it abundantly clear that "improvement in business and net earnings must in future determine dividend action on the preferred stock." Because a very similar statement had presaged omission of the common dividend, because Steel operations last week were...
...days after U. S. Steel's directorate had met at No. 71 Broadway, Bethlehem Steel's board met at No. 25 Broadway. In a unanimous decision they voted to omit the preferred dividend for the first time since 1913 although some people had hoped for a small payment. After charges, Bethlehem's second quarter resulted in a $4,671,000 loss against a $1,452,000 profit in the second quarter of 1931. President Eugene Grace said that improved sentiment had not yet been reflected in the steel business...
...bulk of Mrs. McCormick's fortune is in Standard Oil of Indiana, in which she is the largest shareholder. The company's dividend is now $1 annually against a regular dividend...
Last week in a more sweeping order the Commission ordered seven other Wisconsin utilities to withhold dividend payments until it could be learned by the Commission (which hires experts, charges their fees to the companies investigated) whether the dividends were being earned or paid at the expense of capital. The seven estopped companies...