Die südrussische Eisenindustrie

Bibliographic data

Monograph

Identifikator:: 1012685772

URN:: urn:nbn:de:zbw-retromon-22791

Document type:: Monograph

Author:: Klein, Hugo

Title:: Die südrussische Eisenindustrie

Place of publication:: Düsseldorf

Publisher:: Verlag Stahleisen

Year of publication:: 1920

Scope:: 1 Online-Ressource (82 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Die südrussische Eisenindustrie während der Revolution

Collection:: Economics Books

STOCK DIVIDENDS The following table shows the amounts of stock dividends paid by these 2,846 corporations for the periods 1913-1919 and 1920-1926, respectively: TABLE 4.—Cash, stock, and other dividends paid in the 7-year periods, 1913-1919 and 1920-1926, by 2,846 corporations paying stock dividends in the latter period and reporting on dividends for 14 years, 1913-1926 1 First 7 years Second 7 years Increase (+) or decrease (=) in second period Kind of dividends Amount Per cent of total Amount Per cent of total DAES earner) BLOCK ocunamwsivnis DEBE oer cer] Petal... $1, 437, 244, 878 252, 809, 605 59, 433, 475 1,749. 577. 958 82.15 14. 45 3.40 $2, 647, 142, 380 2,350, 246, 652 18, 043, 667 52.78 46. 86 136 100.00 | 100. 00 5,015, 432, 609 eee ee ee —— 1 For qualification of the ficures with reference to comparability see Table 1. Amount Per cent +1, 209, 897, 502 +2, 097, 347, 047 —41, 389, 808 +3, 265, 854, 741 4-84.18 +820. 32 —69. 64 +186. 67 ——— A comparison of the stock dividends in this table with the increase in stock capitalization in the first and second periods (Table 3) shows that of the total increase in stock capitalization in the second period amounting to $3,066,918,746, stock dividends contributed $2,350,- 246,652 or over 76 per cent of the grand total, while in the earlier seven years stock dividends aggregated only 44 per cent of the net increase. It should be noted that the percentage increases in stock, cash, and total dividends for these 2,846 corporations as between the first and second periods are approximately the same as those for the larger group of 4,967 cerporations for which dividends for 14 years were available, although the size of the former group is less than 60 per cent of the latter (Table 2). COMPARATIVE DIVIDENDS OF CORPORATIONS ISSUING STOCK DIVIDENDS IN ANY YEAR 1913-1926 All of the foregoing tabulations are subject to bias because in the selection of the companies for comparison the criterion employed is the distribution of stock dividends subsequent to the Supreme Court decision. These tabulations, therefore, do not include any com- panies issuing stock dividends in the seven years prior to the stock dividend decision and none since. They do include, however, many companies which issued stock dividends in the later but not in the earlier period. Adding those companies which issued stock dividends in the first but not in the second period the total number of companies reporting dividends from 1913 to 1926 is increased by 303 or, from 10,225 shown in Table 1 to 10,528. Similarly, the number of companies reporting dividends for the full 14 years is increased by 222 or, from 4,967 (Table 2) to 5,189. For the companies which are approximately comparable both for dividends and capitalization the increase was only 125 or from 2,846 (Table 4) to 2,971. The following table shows the amounts of stock and cash dividends issued by these three groups of corporations after including those companies which issued stock dividends in the seven years 1913-1919, but not in the seven years, 1920-1926:

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Metadata: Diversified products (Vol. 1, nr. 13)

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