Word: dividend
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Exception. Dividend actions last week continued to be adverse but there was one shining exception. National Cash Register Co. ordered a payment of 37½? on its A stock. This stock is entitled to $3 a year in cumulative dividends, then participates with the B stock (largely held by President Frederick Beck Patterson) after the latter receives $3. During 1929 and 1930, A holders received $4 a share but last March the dividend was passed...
Uncertainty of earnings has led to a new dividend practice. Many stocks on a dividend basis are being added to the list of those for which no annual rate can be quoted (Canadian Pacific, American Car & Foundry, Socony-Vacuum, Great Northern, Transamerica, Stone & Webster). Ac- tual rates of such stocks are expected to continue as high as ever...
Many a directorate met last week and the main talk of most was what to do about their quarterly dividend. Out of few meetings came any joyous tidings. Three big railroads passed their common dividends: Chicago, Rock Island & Pacific ; Maine Central; Lehigh Valley. Two other great systems. New York Central and New York, New Haven & Hartford, cut their quarterly payment from $1.50 to $1 (lowest New York Central rate since 1889). Southern Railroad directors, following earlier decision, discussed no common dividends, ordered none...
Besides railroads few great companies acted on dividends last week. Usual dividends were declared by New England Public Service and Coca-Cola International. A few companies ordered larger dividends than customary: United Shoe Machinery Co., Household Finance Corp. Singer Manufacturing Co. reduced its habitual extra dividend from...
...Harper's Bazaar and Cosmopolitan for September pictured a happy wife, husband & child, "typical of more than 20,000 investing families who have taken advantage of the Hearst customer-ownership plan." with ten potent reasons why readers should buy. A provision of the deal is that, should dividends fail in any four successive quarter-years, the preferred stockholders could elect a majority of the directorate, which is otherwise controlled by Mr. Hearst, holder of all the common stock. Chance of this development seems remote. Though distribution of the preferred stock has been slow, Hearst Consolidated Publications Inc. has this...