To sum up the causes of failure of the old chartered companies, they are to be attributed to (1) bad administration; (2) want of capital and credit; (3) bad economic organization; (4) distribution of dividends made prematurely or fictitiously.
To use the expression of Sir William Mackinnon, the shareholders have been compelled in some cases to "take out their dividends in philanthropy."
The dividends paid by these mines amounted to about £1,750,000 sterling.
The telegraph companies proposed to effect an amalgamation so as to enable the services to be consolidated and extended, and they proposed to submit to various conditions for the protection of the public, such as maximum rates and limitation of dividends, with the provision that new issues of capital should be offered by auction, but public opinion was averse to the proposal.
That the association is compulsory; and that dividends are paid, not in money, but in social advantage.
The niggardly policy of the board of directors, more intent on peaceful dividends than on warlike rule, could not but be galling to soldiers of fortune.
Treating x as the unknown quotient corresponding to the original dividend, we obtain successive dividends corresponding to quotients x-200, x- 230 and x-231.
By three battles, victories for the enemies of FranceRossbach in Germany, 1V57, Plassey in India, 1757, andQuebec in Canada, 1759 (owing to the recall of Dupleix, who was not bringing in large enough dividends to the Company of the Indies, and to the abandonment of Montcalm, who could not interest any one in a few acres of snow), the expansion of Prussia was assured, aiid the British relieved of French rivalry in the expansion of their empire in India andon the North American continent.
We were each given shares of stock, fully paid for, that would provide substantial dividends for future years.
He was put out of all need of money by the singular benefaction of Cotta, the well-known Stuttgart publisher, who was part-proprietor of the Constitutionnel, and made over to Thiers his dividends, or part of them.
In January 1840 the Assam Company was formed to take over the early tea garden of the East India Company, and this, the premier company, is still in existence, having produced up to 1907 no less than 117,000,000 lb of tea and paid in dividends X1,360,000 or 730 per cent.
The revenues of the state come from two sources; about two-thirds from taxation and about one-third in all from the earnings of the penitentiary, from the fees collected by state officials, from the proceeds from the sale of state publications, and from the dividends from stock and bonds.
You'll continue to receive dividends for the stock in your names so there will be sufficient funds for you all to move on.
To,the above taxes must be added the tax on Stock Exchange transactions and the tax of 4% on dividends from stocks and shares (other than state loans).
This mine proved to be very rich, and paid £800,000 in dividends to the original owners.
The business subsequently proved profitable, good dividends were paid, and the securities for the most part commanded a premium in the market.
In 1905 when a full supply of labour was again available the output was 4,760,000 oz., in which year the sum distributed in dividends to shareholders in the Rand mines was over £4,800,000.
The commercial success of some of the companies has been very striking, dividends as high as III% having been paid.
During the political campaign of 1872 he was accused, with other prominent politicians, of being implicated in corrupt transactions with the Credit Mobilier, and a congressional investigation brought out the fact that he had agreed to take twenty shares from this concern, and had received dividends amounting to $1200.
Besides the income from interest and dividends on investments, the state revenues are derived from taxes on licences, on commissions to public officers, on railway, telegraph and telephone, express, and banking companies, and to a slight extent from taxes on collateral inheritance.
To correct abuses in the life insurance business which were discovered in 1905 by a committee of the state legislature, laws were passed in the next year regulating the election of the directors of the insurance companies, and the investments of the companies and the distribution of dividends, limiting the amount of business of the larger companies and prohibiting rebates on insurance premiums. A state superintendent of insurance, (since 1860) appointed by the governor, holds office for three years.
Any dividends earned by them above 5 or 6% on their capital were to go to the State (in the first place to the Minister for War, to be applied to war purposes).
The prices fixed by the Miles for the sale of its wares were not at first interfered with; it was only later that its dividends were limited to 6%.
The administration was corrupt, largely because of the vast powers given to officials, who were invariably underpaid; and the financial methods of the company precipitated its ruin, large dividends being paid out of borrowed money.
The state makes provision for revenue for school purposes as follows: (1) the interest on the Bond of the Commonwealth for $1,327,000 00; (2) dividends on 798 shares of the capital stock of the Bank of Kentucky - representing a par value of $79,800.00; (3) the interest at 6% on the Bond of the Commonwealth for $381,986.08, which is a perpetual obligation in favour of the several counties; (4) the interest at 6% on $606,641.03, which was received from the United States; (5) the annual tax of 262 cents on each $100 of value of all real and personal estate and corporate franchises directed to be assessed for taxation; (6) a certain portion of fines, forfeitures and licences realized by the state; and (7) a portion of the dog taxes of each county.
Some stocks reliably pay dividends, portions of a corporation's profits paid out in cash to its shareholders.
Some stocks pay dividends very regularly: Coca Cola, for instance, has paid a dividend every year since 1920.