Word: dividend
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...city dump, long an eyesore and inconvenience for the surrounding neighborhood which has had to endure blowing garbage and billows of smoke, will be replaced by an incinerator. The real dividend for Cambridge will be new land for development; the dump is one of the last remaining large tracks of virgin real estate in the City open for public or private...
...Defenses are many. Racine Hydraulics & Machinery fought off a takeover bid by Bucyrus-Erie Co. not long ago by writing and telephoning some 3,000 stockholders, joining a hastily formed committee of Racine citizens in buying up its own shares in the market. Sharon Steel Corp. boosted its annual dividend from 60? to 80? a share to help fend off a tender offer by Honolulu Industrialist George W. Murphy. Julius Garfinckel & Co., the Washington-based retail chain that controls Manhattan's Brooks Bros., last year rebuffed a tender takeover attempt by Genesco, Maxey Jarman's shoe-and-clothing...
...seemed that stockholders were well educated as to the causes of the downtrend and ready to accept the worst. It therefore came as old hat that such past record setters as Du Pont, Caterpillar, Union Carbide, and Safeway Stores reported earnings slides. After six years of record-high dividend checks, stockholders appeared fat, friendly and eager to be entertained by the corporate hierarchy...
Such stock manipulations, if they occurred, are only one of Merritt-Chapman's misfortunes under Wolfson. Another is that he tried to build up and broaden the company too fast. Bled by such acquisitions as the unprofitable New York Shipbuilding Corp., the firm's profits and dividends have been dropping; in 1966, there was a loss of $740,000 and no dividend at all. To halt the drain, Wolfson sold off a paint company, a small steel mill, the company's derrick division and a small shipyard, but the future seems so stormy that liquidation...
...than $16 million, built a fifth new plant and increased employment to 2,900. Reflecting their own confident computations, Wall Street investors have pushed S.D.S. stock up 42 points to $84.50 since October, doubling the value of Pioneer Palevsky's 15% shareholding to $27 million-a pretty fair dividend on his original 1961 investment...