The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-06-14
GREAT RECORD Of
DIVIDEND MINES
Hard Times Do Not Prevent Gen
erOuS Dividends Being
Paid Stockholders.
G0LDFIELD CON. IS
LEADER OF GOLD MINES
Last Five Months Companies
Paid Out Over Twenty
Five Millions.

To pay dividends aggregating the
large total of $25 ,609 ,657 in five
months of 1909, despite continued low
metal prices, is the record achievement
Of eighty American mines and metal
lurgical works. From reports made 10
the Mining World, IL is learned that
these eighty corporations have distrlb-
uted in dividends since their incorpora,
tion the fabulous sum OF over half a
billion dollarS-.o be exact S520,i2
SIS. This has been done on an ont.
standing capitalization OF sos 1916, 16S,
return equivalent to l03 per cent.
Surely this is a splendid argument in
favor OF investment in legitimate min
ing and metallurgical enterprises.
In addition to the above. eight Sc
curities holding corporations paid dur
ing the first five months of 1909 the
sum of S,SS6.lA5. To date these cor
porations have paid sol, l,05i ,46l. a re
turn Of 20 per cent on the issued CAPT
talization of s3ll,271.725.
OF the eighty mines and metallurgi
cal works paving dividends in 1906,
fifty-siX are gold, silver or lead prop
critics. and thew disburscd 10 sharehold
ers Sl0,926.1ls. Since Incorporation
these properties paid out Sl32, ,073,S43,
return equivalent to q per cent on
the outstanding s0.ig3,523 share capi-
raj OF these fifty.siN corporations,
thirty are operating properties IN the
United States. and contributed so far
this year S5.S52.i60. and since incOTpor-
alton. 1888 .6S9 return Of - per
cent on tho Sl2i. 40 $50 issued share
capital. Fourtccu Canadian companies
have paid this wear 10 shareholders So,
90O.3Sf. and since Incorporation Sl0,-
070.03l, a return of IS per cent on the
outstanding capital Of s35,91o,51 Ten
Mexican companies have reported d.
vidend disbursements for The first five
months Of 1909 of $l.936.37i and since
incorporation. S25. .i65.623. return
equivalent TO l55 per cent on their out
standing capital Of 6,407 300.
Few, indeed. Of the more important
industries have suffered from the busi-
ness depression moro than the copper
producers, vet sixteen American com
psnies were able 10 pay out in divi-
dcnds in the first five months Of the
wear. s7.i4s,3S7 Since incorporation,
these companies have 10 their credit as
dividend payments the enormous sum of
S2sS so, IA, return on their outs'and-
ing capital Of 500, ,s3l .s95, or es7 per
cent
Tho five metallurgical works paving
dividends so far this year have paid 70
shareholders - ,709. .552, and since or
ganization, $s7 .207 .256. return Of IL
per cent on the outstanding $2lO, ,l6a,-
$50. Of the metal selling corporations,
the United States is the only one 10
paw dividends this year, having $500
000 10 its credit and 4 total 10 date of
80 100000. OF the S2.150,000 paid this
year. $2.500.00o was from the sale Of
the Rariton copper works.
The leader Of the gold mining com
panics paying dividends this year is
Goldfied Consolidated. with Sl.o59,I4l
20 its credit Touopah, another Nevada
property. is second. with 100000. and
S4.250.000 since organization. Camp
Bird. Colorado. ranks third, with SjS9.-
900 for the year aud S5,590,350 since
organization. Homestake, while only
ranking fourth for the wear. has to It's
credit 10 date S1s41S,950.
Among the coppers three properties
have paid in excess Of million; Ana
conda 5000. .000 For the year and since
ond. with s1.ISo.915 and since incor-
poTation. e13.57o,572: United Verde,
third. with $l.125 900 for the year and
o.672. 900 10 date. Anaconda. with an
issued capitalize tion of $50 900 900. has
returned its shareholders 81 per cent
since incorporation. Arizona. with an
issued capitalization Of S3,68I $50. has
yielded a profit equivalent 10 36S per
cent. While United Verde. with a So
100000 issued share capital. has yielded
profit equivalent 90 755 per cent.
Calumet G. Hecla, while only fifth on
the list, with $500,000 for the year, has
paid to date, Sl0S.35O 600, or an equiv
alent Of 1858 per cent on it's $500, 900
share capital Boston & Montana, fourth
on the list, with 100000. has TO It's
credit since organization S59.s15,572,
return equal 10 1881 per cent on it's
$2.500.000 share capital.