Word: dividends
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Dates: during 1970-1979
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...France's Peugeot-Citroën in a deal that included $230 million in cash. Riccardo has announced that Peugeot-Citroën coughed up the $230 million this year, months earlier than expected. Nonetheless, Chrysler's board last week cut the company's quarterly dividend from 25? to 10? a share...
...chairman of the United American Bank of Knoxville, which is the largest bank in the chain. He owns one-fourth of the bank's stock. For the first six months of this year, U.A.B.'s earnings were down by 52%, but the bank nonetheless increased its dividend from 160 to 180 a share. Other bankers suggest that the move was chiefly intended to increase Butcher's income, but he says he had nothing to do with...
Resorts' Class A stock rose $13 in four days on the American Exchange, closing at a high of $123.50. That was a 560% increase since Jan. 1. Not bad for a company that has never paid a cash dividend. Resorts will soon split 3 for 1, and it is scarcely the only big winner. Some others, with their rises from April through August: Caesars World, 583%; Playboy, 351%; Bally, 283%; Del Webb, 281%; and Harrah...
...drop in profit last year, to $2.4 billion, but only because the weakness of the dollar increased the number of greenbacks that will be needed to pay off its foreign debts. In the first half of this year, however, its net increased 13%, to $1.4 billion, and the quarterly dividend was raised 10? a share, to 85?. Exxon is a prize example of strength begetting strength. It has bid top dollar on the choicest drilling leases around the world and has participated in all the major new finds; it has a 25% interest in Alaska's Prudhoe Bay fields...
Apartment dwellers in three large complexes near San Francisco may reap a dividend from the tax cut: their landlords have promised to reduce rents. To pass along his tax savings, one apartment-house owner pledged to lower rents $30 a month for 1,000 tenants. San Jose Businessman Larry Whitaker, president of Halcyon Communications, Inc., said he would prorate his own $18,921 property tax cut among his 150 California employees. The Bank of San Pedro knocked ¼% off its consumer loan rate in a similar move to distribute its tax benefits...