Word: dividend
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...what kinds of securities the club is investing in, Davis is very candid: "We're investing 50 percent of our portfolio in growth stocks, 25 percent in dividend stocks, and 25 percent in speculative stocks." At the end of the year, any member who wishes can receive his percentage of the club's profits...
...zippy 140 steps a minute in the Georgia Square Mall in Athens. Regular strollers look out for mischief, pick up refuse and add a general air of bonhomie to the malls as they exchange pleasantries in passing. Indeed, the loose camaraderie has proved a welcome dividend for many of the walkers. Maude Harris, 74, used to laugh at the Georgia Square strollers. "It looked pretty silly to me," she recalls. But needing to exercise and feeling lonesome, she gave walking a try, and now does 1 1/2 miles a day with newfound friends. "We walk, and we tell jokes...
When De Benedetti took over in 1978 as Olivetti's managing director, the company was almost moribund. It had not paid a dividend in four years, had more than $1 billion in debts and was losing $6 million a month. Olivetti is now the most profitable Italian industrial company. Last year sales increased 22.5%, to $2.6 billion, and profits rose to $201 million...
...group of stockholders finally lost patience last July, when ITT slashed its quarterly dividend 64%, to 250. The dissidents started a letter-writing campaign urging ITT's management to take a highly drastic measure-liquidation-which they figured could net them twice the current value of their shares...
...officials are probing whether someone in the company helped the unrest by supplying names of unhappy stockholders to other dissidents. Gerrity, for one, has privately criticized Araskog's leadership. But the publicist, who suffered a heart attack on the day of the dividend cut, denies his involvement. Says he: "If I was orchestrating this, I must have been doing it from my hospital...