Word: dividend
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...corporation. In that year, however, it offered to the public its common stock at $80 per share. In February, 1920, stockholders were offered the right to subscribe to new common at $100, on the basis of the new share per ten old shares. On Nov. 1, 1924, a stock dividend was declared and, on Dec. 1, the company was recapitalized. For an investment of $8,000 in September, 1917, and $1,000 more in February, 1920, the investor's holdings of the stock at a recent date would have possessed a market value of $59,087-an appreciation...
During last year preferred dividends were maintained, but in September the common dividend was passed. The annual report revealed the reason. For 1924, a deficit of $11,969,837 was incurred, compared with a profit of $9,326,623 for 1923. Last year the net loss after taxes and charges amounted to $4,025,865, and $2,918,555 was in addition charged off for depreciation, leaving a deficit before dividends of $6,944,420. Since $3,500,000 was paid out in dividends on preferred stock, $1,516,667 in common stock, and $8,750 on stocks of subsidiaries...
...notoriously feast -or -famine character of the railway equipment business was illustrated by the annual report of the Baldwin Locomotive Co. for 1924. In 1923, the company's net profit before dividends was $6,516,465, or $25.58 on each of the 200,000 common shares, after paying the 7% dividend on the 200,000 preferred shares. In consequence, after paying $1,400,000 on both its preferred and common stock, profit and loss surplus was brought up to $19,847,242. Last year, however, net before dividends was only $1,320,026, or only $6.60 on each preferred share...
...Trust and $3,711,366 for the Guaranty Trust. Yet all of the above named institutions have a capitalization larger than the modest $10,000,000 of the First National while none can equal its $66,060,058 of surplus and undivided profits. Consequently, the First National's dividend payments aggregating $5,500,000 were exceeded only by the National City's at $6,400,000; yet the former earned 122.4% on its capital, as against only 24.4 for the latter...
Even more striking has been the success of the S.S. Kresge Co., which reported net income of $10,114,163 for the calendar year of 1924. This, after preferred dividends, amounts to $40.66 on each share of common stock, compared with $38.14 in 1923. In the Kresge balance sheet, some striking changes are likewise apparent. . Surplus is now $15,398,585 as against $11,161,180 in 1923. In addition to its regular $2.00 quarterly dividend, Kresge directors have declared a 50% stock dividend to holders...