A Study of the United States Steel Corporation in Its Industrial And Legal Aspec
A Study of the United States Steel Corporation in Its Industrial And Legal Aspec
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Deposited common stocks must carry all dividends or rights to dividends declared or payable on or after March 1, 1901, and no adjustment or allowance will be made in respect thereof.
For the purpose of avoiding the necessity of interruption in the declaration and payment of dividends, when earned, upon the com- mon stock, concurrently with the payment of dividends upon the preferred stock, there has been inserted in the charter of the United States Steel Corporation a provision to the effect th...at whenever all APPENDIX. 117 quarterly dividends accrued upon the preferred stock for previous quarters shall have been paid, the Board of Directors may declare dividends on the common stock out of any remaining surplus or net profits.
Statements furnished to us by officers of the several companies above named, and of the Carnegie Company, show that the aggregate of the net earnings of all the companies for the calendar year 1900 was amply sufficient to pay dividends on both classes of the new stocks, besides making provision for sinking funds and maintenance of properties.
What to read after A Study of the United States Steel Corporation in Its Industrial And Legal Aspec?
You can find similar books in the "Read Also" column, or choose other free books by Horace L Horace La Fayette Wilgus to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Deposited common stocks must carry all dividends or rights to dividends declared or payable on or after March 1, 1901, and no adjustment or allowance will be made in respect thereof.
For the purpose of avoiding the necessity of interruption in the declaration and payment of dividends, when earned, upon the com- mon stock, concurrently with the payment of dividends upon the preferred stock, there has been inserted in the charter of the United States Steel Corporation a provision to the effect th...at whenever all APPENDIX. 117 quarterly dividends accrued upon the preferred stock for previous quarters shall have been paid, the Board of Directors may declare dividends on the common stock out of any remaining surplus or net profits.
Statements furnished to us by officers of the several companies above named, and of the Carnegie Company, show that the aggregate of the net earnings of all the companies for the calendar year 1900 was amply sufficient to pay dividends on both classes of the new stocks, besides making provision for sinking funds and maintenance of properties.
What to read after A Study of the United States Steel Corporation in Its Industrial And Legal Aspec?
You can find similar books in the "Read Also" column, or choose other free books by Horace L Horace La Fayette Wilgus to read onlineMoreLess
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