Word: dividenders
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...Forced this year to write off $2.3 million in bad real estate loans, the bank last week indefinitely suspended its 200-a-share quarterly dividend. That will cut the heavily indebted Lance's income by about $40,000 every three months...
...code of conduct. Says he: "One thing that still has to be considered is the question of what advantage this may give to foreign companies" if they are less scrupulous about making under-the-table payments to aircraft buyers. Investors obviously are not worried. Although payment of a dividend is a long way off, Lockheed's stock has about doubled in price this year, to around $ 18 a share...
...slide began early in the week, when both Exxon and U.S. Steel announced lower second-quarter earnings. Then on Wednesday came a shocker from Bethlehem Steel, which reported an operating loss of $75.4 million for the first half and cut its dividend. With that, the slide turned to slaughter: in frantic trading, the Dow plunged almost 20 points. For the week, it closed down 33 points, at 890.07, almost 10% below its January level...
...strapped. Realizing that it could not afford to complete its two new generating plants, let alone begin construction at Storm King-even if environmental objections were overcome-Con Ed sold the two plants to the state power authority. Most dramatic of all, the company skipped its regular 450 quarterly dividend. From a high...
...Same Dividend. Other bankers have estimated that the Chiasso affair -named for the town in the Italian-speaking Swiss canton of Ticino where the scandal centered-could cost the firm some $400 million. Nonetheless. Aeppli assured stockholders that the rest of Crédit Suisse's affairs were in good order and indicated that this year's dividend would most likely be the same as that paid in 1976: $32 per bearer share...