The Waterbury Democrat., 1935-12-31


 dividend disbursements during 1881, a United Press compilati
 That was $148,249,873 a S343.675.06 over 1888, and SC
 During the final two months of the year many corporations order ed extra payments and increased annual rates for 1886, indicating that disbursements next year might be larger than the 1885 total and near the $2000, 100000 peak which prevailed some years ago. From November 1 to the end of the year TAO companies paid $113,500,O00 in cash extras.
 s1 Yield $1O,OOO.OOO Each
 Thirty-one issues on which $l0,- GOO 900 or more was paid showed an aggregate return of $751 ,459,- S3O or 45.48 per cent of the total years payments.
 A year ago 29 issues were in the $10,OO0,O00 class and yielded $688,- 724,4l7 to stockholders, 45.08 per cent of the 1894 total payments.
 There were 204 favorable div idend changes this year compared with 200 in 1884. Of these, 122 represented increased payments and 82 resumed dividends or payments on new issues. This compared with 126 increased dividends and "A resumed and new payments last year.
 There were 67 unfavorable changes in 1885, 54 representing decreases and 13 omissions, against a total ot 28, IS and 10 respective ly in 1884.
 A large percentage of the de- creased payments this year were attributable to the fact that many examinations made extra dis bursements in 1884 because of fear the government might place heavy taxes upon all types of corporation SurpluseS.
 Utilities Cut Dividends
 Actual reduction in annual pay mtnts was about equal to last wear. but the dollar volume of such decline was swelled by the fact that utility organizations with millions of shares outstanding cut their rates.
 The largest individual payment --a167, ,960, ,475-was made by the American Telephone & Telegraph Company on the basis of $9 8 share, a rate which has been maintained for more than b years.
 General Motors held its second place position, yielding $97,897,- : 745, or $32,647,745 over last years payment which in turn was $10,- S7s,OOO over the 1883 total.
 Du pont moved into third posi- ton. disbursing $54,775,220 - in- cluding a stock extra of 1-55 share of Generol Motors for each share of Du pont held - or $l8,811, ,747 over last year when gain of $5,- 532,842 was recorded. The Standard Oil Company ot New Jersey which was fourth made a cash disbursement ot $32,- 32O,iOl and stock extra, compar- ed with the 1884 payment Of S32.298,223 and the 1883 disburse- ment of $25, 5,838,578.
 Sears Roebuck went into the 4lO,OOO,O0 list with a payment of S12,349, ,405 as dividends were re- sumed for the first time in 2 years.
 Homestake, another member of this exclusive class, was the most sensational performer, paying total of $56 @ share, the highest share dividend of the board, or an aggregate of $14,064,960, an in- crease of $6,53O, ,16O over last year and of nearly $lo,0o0,o00 over 1883.
 Chrysler also stepped up pay ments bringing disbursements, based on the year-end dividend to el3,453,125, an increase of $7,847, : e56 over 1884, and compared with &8,s68, ,750 in 1883.
 General Electric showed an in- crease of $5,769,188 to $23,076, 749 or $11.538,376 over 1883 disburse- ments.
 International Nickel just topped the mark with $10,938,019, or $l.- 107,605 over last year, but $o,938.- O2O over 1888.
 Union Carbide, another member of the group, paid $18,453,s74 or e5.5S6,162 over 1884 and more than $9,00O,0O0 over 33.
 Consolidated Gas Biggest Cut
 Consolidated Gas common re- ir1ained a member in good stand- ing, disbursing $11,476,627, but this payment was $1i,476,627 be- low last year-the largest individ- tlal loss = and $22,935,054 below the 1883 return.
 Socony Vacuum stockholders were the second largest losers rec ceiving only $o.512,537 or $9,512- 462 less than 8 year ago. Last year, however, payments were up 97,027, ,Oe3 over 1883.
 Pennsylvania Railroad holders had their dividend pared in half and received $6583, 1884, a loss of q similar amount from 1884. The dividend was resumed last year.
 United Gas Improvement - one of the largest showed a decline of $4,650,886 in payments to a total of $23, ,9O5, 1909.