Word: dividends
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Dates: during 1960-1969
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...exchange officials, announced that by the end of 1969, it hoped to replace all the certificates of actively traded issues with a standard-sized punch card. Every stock or bond issue will have an eight-digit identification number that will be used on all wire communications, transactions, transfers and dividend claims. Standard & Poor's will spend close to $1,000,000 coding some 1,000,000 stocks and bond issues into two directories, each the size of the Manhattan phone book. It plans to make a profit by selling the directories to brokerage firms, banks and bond houses...
...champagne to the Powder River settlement, introduced white riding breeches and the English saddle to the region, made a friend of Buffalo Bill Cody, and become manager of a cattle empire capitalized at $1.5 million. In 1884, his sixth year in Wyoming, his Powder River company declared a dividend of 24%. The next year, however, a combination of bad weather, rustlers, homesteaders and an obtuse board of directors in London started the company on a long slide toward worthlessness. Frewen, forbidden as manager to sell his shares, came out with nothing but debts...
...business savvy, however, the results can be most rewarding. Manhattan's Morningside Heights Consumers Cooperative, not far from Harlem, has been going strong for nearly a decade. Last year it returned its members, 50% of them Negroes and Puerto Ricans, a 4.8% cash rebate and an astonishing 12% dividend on their $25-a-share stock...
...Fiscal Dividend. The Presidents Council of Economic Advisers estimates that peace in Viet Nam might permit a $15 billion decline in defense spending, stretched over 18 months. If so, the armed forces might well be reduced by 900 000 men to about 2,600,000, a little below their pre-Viet Nam strength. Up to a third of the returning veterans presumably would go back to school, leaving some 600,000 to help meet industry's need for skilled manpower. With lower defense spending, plus the ordinary growth of the economy, the CEA calculates that the Government will...
...unable to obtain stock certificates within the five-day period (raised last month from four days) allotted for payment and delivery after every securities transaction. The problem-still far from solved-snowballs, and as a result, customers sometimes wait weeks for the stock certificates, order confirmations, account statements and dividend checks that they once got in days...