HUGE DIVIDENDS
Gulf. Oil and Chrysler Corporation By Telegraph —Press Assn. —Copyright NEW YORK, Nov. 10. One of the largest stock dividends in the history of American industry was declared by the Gulf Oil Corporation, which will distribute 113,450,000 dollars in par value shares, doubling the company’s capitalisation. The value of the new stock fit current market prices is approximately 500,000,000 dollars.
The Chrysler Corporation, apparently surprising Wall Street after the closing of the market, declared a dividend of five and a half dollars a share on common stock —the largest in its history, bringing the total this year to 12 dollars
compared with ’ two last year. Mr Walter Chrysler said that the net profit for the first nine months of the year was 41,975,001 dollars.
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Hawke's Bay Tribune, Volume XXVI, Issue 282, 12 November 1936, Page 8
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126HUGE DIVIDENDS Hawke's Bay Tribune, Volume XXVI, Issue 282, 12 November 1936, Page 8
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