Word: dividend
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Last week the stockholders of the Curtis Publishing Co. of Philadelphia (Saturday Evening Post, Ladies' Home Journal, etc.) cut their Christmas pie-one of the richest, meatiest pies since Little Jack Homer's. They voted themselves a Christmas dividend of $70,000,000 by approving the company's plan to increase the preferred stock from 200,000 to 900,000 shares and to distribute these shares (worth $70,000,000) among the holders of the 900,000 shares of common stock outstanding. This is one of the largest stock dividends ever declared. Its percentage is surpassed only...
...directors of the Corporation evidently are believers in sharing its profits with its shareholders, particularly when the cash position of the concern is as strong as at present. In addition to its regular quarterly dividend of $1.50 on each common share, an extra dividend of $5.00 a share was declared. This means that, in addition to the $36,131,000 of regular dividends paid on Motors stock this year, $25,808,000 will be paid put in extras, making a total dividend disbursement of $61,939,000 out of 1925 profits...
This payment establishes a new high record for cash dividend payments by any U. S. corporation in peace times. It approaches the $85,140,668 paid out to its common shareholders by U. S. Steel in 1917. This year, however, Steel is paying them only...
...Steel directors are (as usual) most conservative concerning payment of large common dividends. They still maintain the regular 5% dividend on the common stock, and pay an additional 2% as a "regular extra" dividend. As yet they have not apparently seen fit to set 7% as the regular common dividend, though no one at present contemplates any actual reduction below this figure...
...suggest that any professor's salary be raised, out of those profits, to a figure so near that of the football coach as to give grounds for any serious jealousy or competition. It would be safer to avoid this issue by endowing, with the Pigskin dividends, a few erudite courses in allied subjects, such as Greek games 2a, or Discus 18, or Checkers among the Early Christians, which would, by partaking at once of the nature of sport and learning, endanger neither. These courses it goes without saying, could only be given in the years following football victories. Defeat, particularly...