Magazine content is available exclusively for TIME subscribers.Business: April Dividends
Stockholders in a few more than 500 U. S. corporations last week received and cashed dividend checks totaling more than $500,000,000 as their income for the first quarter of the year. More than 30 companies also declared extra dividends, notably American Safety Razor, Childs (restaurants), Coca-Cola, Pere Marquette R.R., Midland Steel, Humble Oil & Gas, St. Louis & San Francisco ("Frisco") R.R., United Fruit, Singer Sewing Machine. The largest extra dividend—$60 a share—was paid by a relatively obscure concern, Pratt & Whitney, manufacturers of aircraft.
Singer Manufacturing Co., which makes 80% of...
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