Stock dividends

Bibliographic data

Monograph

Identifikator:: 175754061X

URN:: urn:nbn:de:zbw-retromon-136496

Document type:: Monograph

Title:: Stock dividends

Place of publication:: Washington

Publisher:: U.S. Gov. Print. Off.

Year of publication:: 1927

Scope:: vii, 273 S.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Methods of listing stock dividends, 1920 - 1926

Collection:: Economics Books

STOCK DIVIDENDS completed subsequent to the beginning of the first tabulation. These two lists show (1) the name and (2) the address of each cor- poration, (3) the stock capitalization reported which was nearest to January 1, 1913, (4) the stock capitalization reported which was nearest to January 1, 1920, (5) the stock capitalization reported which was nearest to December 31, 1926, (6) the total amount of stock dividends reported issued in the 7-year period 1913-1919 and (7) the total amount of stock dividends reported issued in the seven years, 1920-1926. } The third list of corporations, also alphabetical, is for companies whose reports showed that their capitalization consisted in whole or in part of no-par value shares. For these corporations a somewhat different form of tabulating capitalization was employed than for the par-value share companies, it being deemed desirable under the terms of the Senate resolution to report the stock capitalization of no-par share corporations to the extent that it was represented by par-value shares or by a nominal valuation other than net worth, or by both combined. For the stock capitalization for each of the dates specified above, therefore, two columns are employed, one for the par-stock capitalization, if any, and one for the no-par stock, if a no-par valua- tion separate from net worth was reported. In cases where no value was reported for the no-par stock separate from net worth the space for stock capitalization has been left blank. The capitalization foros for no-par shares were not apparently reported on any uniform asis. In some cases a corporation having no par value shares may have reported its capitalization in such form that the return did not show that a part or all of its capitalization was in no-par form, in which case the corporation may have been entered in either the first or the supplementary tabulation. In some cases corporations reported as stock dividends distributions of Treasury stock. In such cases there was obviously no increase in the issued capital stock reported by the corporation and all such dividends, therefore, were classed as other dividends and are not reported as stock dividends. DIVIDENDS OF ALL CORPORATIONS REPORTING STOCK DIVIDENDS FOR 1920-1926 The total amount of stock dividends paid by this group of 10,245 corporations, listed in Appendix 4, aggregated $6,253,818,026 in the seven years 1920-1926. In the preceding seven years they amounted to only $628,002,448. For reasons subsequently stated, however, thesé figures are not comparable without qualification. All these 10,245 corporations also reported cash and other dividends, except 20 corporations, which for various reasons failed to furnish this in- formation. The following table shows the relative importance of the stock, cash, and other dividends for the two periods for 10,225 cor- porations reporting all kinds of dividends:

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