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:: Relation of dividends to surplus

Collection:: Economics Books

STOCK DIVIDENDS 13 The following table shows the disposition of the total surplus available for distribution in the first and second period by these 566 corporations: TaBLE 9.— Disposition of approximate total distributable surplus for 666 corporations paying stock dividends FIRST 7-YEAR PERIOD ptr DORE S Per cent of total surplus available for dis- tribution [tem Amount Surplus as of date of closing nearest Jan. 1, 1013... _ooocoiion oo ooorinnannns Net increase in surplus from date of closing nearest Jan. 1, 1913, to date of closing nearest Jan. 1,-1920_ Loi iT oo Cilie. pid $813, 032, 511 |. a emma 2, 153, 385, 407 56. 17 1, 280, 018, 584 33.39 338, 761, 295 8.84 61, 530, 726 1.60 Total surplus available for distribution, 1913-1919 __ memes 3, 833, 696, 012 | 100. 00 Total undistributed surplus as of date of closing nearest Jan. 1, 1920... Dash dividends, 1013-1019... coovene soso eanee bh ombdais ed mia a Stock dividends, 1918-1919. _ eeu Tr meme ceo on Other dividends, 1913-1919. __. “ a SS an orm aa SECOND 7-YEAR PERIOD [tem Surplus as of date of closing nearest Jan. 1, 1920. o-oo coo e oii Net increase in surplus from date of closing nearest Jan. 1, 1920, to date of closing nearest Jan. 1, 1927 _________ w Total undistributed surplus as of date of closing nearest Jan. 1, 1927. _. Cash dividends, 1920-1926... .oveeeen.-. ee r= nmin em mm Stock dividends, 1920-1926 . ..ocuccuuuo. PLU PE ELT EERT Us Other dividends, 1920-1026........ceueremaee th a rhea) Total surplus available for distribution, 1920-1926. ose momen Per cent of total surplus available for dis- tribution Amount $2. 153, 385, 407 2,518,750, 746 | 40,12 2, 16 S64, 505 34.97 SL 24.77 ». 802. 14 6,278, 753,500 | 100.00 365, 365. 330 At the end of the second period only 40 per cent of the total dis- tributable surplus from 1920 to 1926 was retained undistributed as compared with 56 per cent in the preceding seven years, while nearly 25 per cent of the total surplus available for distribution in the second period has been distributed in stock dividends as compared with less than 9 per cent in the earlier seven years. Of the total surplus attributable to each of the periods the equiva- lent of 44 per cent was retained undistributed in the first seven years and less than 9 per cent in the second. Stock dividends in the second period accounted for more than 37 per cent of the total surplus attributable to this period as compared with slightly over 11 per cent in the first seven years.

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