Steel Dividend

Momentous to the stock market was the declaration of another extra dividend of 25 cents by the U. S. Steel Corporation, and the issuance of an unexpectedly favorable quarterly statement which showed net earnings at $49,958,980 for the final quarter of 1923, as against $47,053,680 in the third and preceding quarter.

Last fall the corporation unexpectedly declared an extra quarterly dividend of ΒΌ or 25 cents a share on its common stock, which in recent years has paid only $1.25 per share quarterly. Now the extra dividend...

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