Word: dividendless
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Dates: during 1920-1929
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Last week the preferred stock, now dividendless, sold as low as 21 while the common, now Durantless, went to 4. Although both stocks had already suffered during the break, last week's decline had its own reason-"friendly" receivers were appointed as the result of a petition by Bethlehem Steel Corp., said to be a $400,000 creditor. In this receivership there was not evident the aftermath of the market's break, as had been true in the Fox trusteeship (TIME, Dec. 16), nor of poor trade conditions as in the American Piano receivership (see p. 30). There...
...large earnings of the road, however, stuck in the crop of some of the preferred stockholders, who had waited dividendless for years. Presently some of them brought suit for $29,000,000, approximately, earned but not paid on the preferred prior to 1923. Talk of a 6% dividend on the common was promptly dropped...
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