Word: dividend
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...private, fully staffed university at Nela Park, Cleveland. For both firms the chief purpose is to sell electrical equipment. Western Electric specializes in the telephonic field. General Electric covers practically all the others. Last week the 1925 profits of both these companies were reported. General Electric profits available for dividends, after interest and all charges, amounted to $38,641,217, equivalent after 6% cash dividend on special stock, to $20.47 a share on the $180,287,046 of $100 par common stock outstanding. The company is in excellent financial condition-liabilities $39,829,694, assets $270,271,884. Its principal...
...Baldwin. Mr. Vauclain has just had published to stockholders the year's statement, as of Dec. 31. Profits were only $196,563 net-the lowest since 1912. That meant only 81? a share on the $20,000,000 of 7% preferred outstanding. But the 1925 common and preferred dividend requirements amount to $2,800,000. The difference had to come from the surplus fund, leaving therein a balance...
...ninth successive time U. S. Steel, through its Board of Directors, declared last week an extra dividend of 50c a share on the $508,302,500 common stock outstanding. This was in addition to the regular dividends of $1.25 a share of the junior issue and of $1.75 a share of the preferred. Thus 80-year-old Chairman Elbert Henry Gary's frequently repeated dictum that U. S. Steel common was a "7% stock" was reaffirmed. He remains as Chairman of the Board. Recently U. S. Steel has been climbing on the stock market because of rumors that...
...aside out of surplus and not profits ..." funds to carry out the ideals expressed above. These funds might be used in "building hospitals, recreation grounds, and helping established child welfare organizations." In other words since "surplus" and "profits" are definable by the corporation making them, and since no dividend rate was set for this corporation's common stock, this corporation has a "soul." It may give its profits to charity rather than declare dividends...
...last week's quotations ($141,141,000), he would have made a profit of over $88,000,000. For last week in one day Nash stock jumped 52 points to 517-and then the news came out. President C. W. Nash announced a 900% stock dividend. He also stated that the company in nine years of life had accumulated an undivided surplus of $25,000,000; that its last year's net profits were $16,256,216; that there was over $24,000,000 of cash, after setting aside nearly $9,000,000 for the further retirement...