Word: dividend
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...payment of dividends to members of the Co-operative Society will begin tomorrow. A dividend of eight per cent. will be paid on all purchases for the fiscal year 1913-14. In applying for their dividend checks members are reminded that their 1913-14 membership cards are required as a means of identification. Checks will be mailed upon request to members absent from Cambridge, but cannot be delivered to friends or messengers without written authority from the owner...
...Wednesday the Co-operative Society will begin to pay the dividends to members for the year ending June 30. Last year sales were made to the amount of $429,987.76. This year dividend of eight per cent will be pair instead of nine per cent as in former years. The lowering of the rate was made necessary by increased expenses and the founding of a building fund. The dividend to be distributed at this time amounts...
...reduction of the dividend from 9 to 8 per cent. is entirely justifiable in view of the present business conditions and difficulty in procuring ready money. The margin of profit which the Society earned is very small--less than three cents on the dollar and the only reason that so large a dividend can be declared is because of a large proportion of sales to non-members...
...over the previous year. The total number of sales in all departments of the store for the twelve months ending June 30 last, amounted to $429,987.76, as compared to $418,774.19 taken in during the year 1912-13. This will permit the Directors to declare the dividend, and still have a fair surplus. Dividends will be declared, as announced by the Society, in the issue of the CRIMSON for October...
...preliminary report of the business of the society for the year ending July 30, 1913, was presented by the president, Professor W. B. Munro '99. Today the annual meeting of the stockholders is to be held, at which the statistics will be officially passed upon and the dividend finally declared...