Bethlehem's Dividend

Bethlehem Steel has a certain aura about it which has come down from War days. It was, all in all, America's greatest "war baby." Dividends on its common stock have not only been continuous since 1916, but they reached 7 1/2% quarterly on the 150,000 original common shares during 1916-1917 and in April, 1917, touched 10% quarterly. Accordingly, the recent omission of Bethlehem's dividend attracted more than passing interest. For the quarter ending June 30, 1924, the company earned $1,278,277 net, which amounts to only 11¢ a...

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