Word: dividends
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Dates: during 1950-1959
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...that point, Chairman Hurley and C-W's board of directors had another piece of news: the company cut its quarterly dividend almost in half, from 62½? to 37½?. Sales for the first nine months of 1959 were down $40 million, with a $6,400,000 drop (to $9,000,000) in profits. Once again C-W was suspended from trading as investors tried frantically to dump their stock. When trading was resumed, C-W dropped, wound up 5⅞ points below the high...
...corporations mailed out $833 million in dividend checks to their stockholders in October, the Commerce Department reported last week, a record for the month and $13 million above the $820 million paid out in the corresponding month...
...also at a new high. The latest New York Stock Exchange study showed 12,490,000 individual shareholders of record, up from 8,630,000 in 1956. The number of stockholders is now bigger than the number of factory workers. One in every four U.S. households gets a dividend check or checks v. one in seven only seven years ago. To keep the checks going, U.S. corporations are declaring dividends at a rate approaching $14 billion a year, against $9 billion...
Despite the rising popularity of shareholding, the new army of dividend receivers suffers from serious disadvantages compared with former years. For one thing, it costs more and more to get on the dividends list. From 1950 to 1959. rapidly rising stock prices cut the average yield to a new buyer of the stocks in the Dow-Jones industrial average from...
Some in the village wanted to erect a plaque in the churchyard to their distant benefactors, financed by the first $40 from everyone's dividend check. Later they decided that $8 a head should be plenty. Other villagers argued that instead they should rename the village Saturno. "It's a great honor" said one, adding slyly: "And it costs nothing...