Word: dividend
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...Crucible, No. 1 maker of high-speed and tool steels and now busy on projectiles, periscope tubes, gun forgings, recently spent time and money getting a single proxy from a stockholder in unoccupied France. Reason: her vote was needed on a plan to erase $40.75 back dividends on the 7% preferred by issuing 1.4 shares of new $5 preferred for one old 7%. It went through. Last fortnight directors declared their first dividend since 1938: $1.25 on the new preferred. Third-quarter profits were $1,989,000, over 70% of total 1939 profit...
...increase in dividend was voted at a recent meting of the stockholders, in accordance with which members who paid cash on purchases last year will receive a 12% return instead of the usual 10% while those who had checking accounts will get 10% instead of 8%. The largest 100 dividends will be mailed...
...Largest Dividend...
...twelve percent is the largest dividend ever paid by the Coop, and the exceptionally high rate is due to a very successful business year, said Cole. The Society has been paying dividends of eight and ten percent for the past fifteen years, except for 1933 and 1934, when the rate was only seven and nine percent...
While speculators were peeved at missing the boat, brokerage-house cashiers had a more serious worry: who really owned the dividends? Many a share of stock is held in a "street name," may be traded five or a hundred times before the ownership is transferred on the company's books. On a normal dividend day, stocks are traded "ex-dividend." But having had no notice of the Tommy dividend, buyers who had neglected to transfer their purchase with Thompson felt entitled to the payment. Last week cashiers were still scurrying about, making sure that all who received checks (those...