The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-12-18
LOCAL BANK DIVIDENDS
TOTAL ABOVE 100000
Checks To Go To Stockholders Within
Short Time After Dividend
Meetings.
MOST WILL BIZ HELD TUESDAY
First National Bank With Two Mil
lion Capital and Semi Annual Rate
OF Per Cent To Pay Largest sum.

Quarterly and semi-annual dividends
to be paid out to stockholders bv the
Richmond banking institutions within
the next two weeks will total more
than 100000 according to estimates
based on the size of dividends oe-
clared at former times and the pre-
vailing dividend rate The meetings
of the institutions will he held be-
tween now and. Christmas day, most
of them falling on next TUESDAY. so
the dividend check will reach stock
holders In most cases as the nature ~
Christmas presents
The size Of the dividends to be de-
clared by the banks will range from
1 IL per cent to 10 per cent on the
capital stock of the institutions Some
OF the dividends are quarterly. though
most of them are declared semi-an-
nualiy.
few OF the large Industrial end
insurance concerns will also declare
dividends within the next few weeks
and these, II ts estimated will turn
loose in this city more than s400.o
more Railway company divid ends.
totaling some $4,000 are declared at
other periods of the year. generally In
October and April.
First Nationals Largest.
Most interest centers at this period
OF the year In the dividends to he de-
ciared by the banks. Several banking
Institutions will declare dividends this
year for the first time, having in the
past placed their earnings to the sur
plus account. Among institutions in
this class Is the Richmond Bank and
Trust Company, which has placed it's
stock on a per cent basis, and will
declare l LIZ per cent dividend on =
81 ~ LIT. =,
dividend payments total $500
The First National Bank will lead
the banks Of the city in the total
dividend distribution with 800. Gee.
which Is per cent semi-annual
dividend on $4,000, 600 capital. Next
will be the National State and City
sank with 8 12 semi-annual dividend
on 100000 capital.
Dividends are expected on the fol.
lowing schedule:
Banks Dividend Schedule.
American National capital $1,000.
ooo), quarterly dividend Of per
cent, $4,000.
Bank of Commerce and Trusts
capital s25o.oo0), semi-annual divi-
dend of 3 per cent, $500
Broad Street Bank Capital $500
ao0>. semi-annual dividend of per
cent. $1,000.
Central National capital $780,
oo0). semi-annual dividend of I Ia
per cent $3.50.
Church Hill Bank capital s15o.-
eeo). semi-annual dividend of per
cent. $4,000
Fidelity Loan and Savings Com
pany fcapital 500. 00o). seni-a nnual
dividend OF per cent. $4,000.
First National tcapital $4,000, ooo),
semi-annual dividend of per cent,
800, 600.
Mechanics and Merchants (capi-
tai sle.oeol, semi-annual dividend
of per cent. $1,000.
Merchants National capital sa0o.-
ooo), semi-annual dividend OF 1e per
cent. 100000.
National State and City tcapital
s1.eeo.0oo), semi-anual dividend OF
liz per cent, $4,000
Old Dominion Trust Company
tcapital sl,ooo,aoo), quarterly livi-
dend of l l-2 per cent. $4,000.
Planters National capital $500
000l. semi-annual dividend of 10 per
cent. 100000
Richmond Bank and Trust Com
pany capital $500. 00ol semi-annuaI
dividend OF 1 liz per cent. $500.
Richmond Trust and Savings Com
pany (capital s1,900ooo). quarterly
dividend of ! per cent, $4,000.
Savings Bank of Richmond (capI-
tai s2oo,e0el, semi-annual dividend
of 5 per cent, 10000
Union Bank of Richmond (capitaI
$2ls.7ao1. semi-annual dividend of O.