Business & Finance: Deals & Developments

Dividends. The directors of American Telephone & Telegraph declared the regular dividend last week. Some 712,000 stockholders will receive $41,990,000 through the action. Electric Bond & Share declared its regular stock dividend but announced that in future payments will be determined annually. Its big subsidiary, United Gas Corp., halved its first preferred. Transamerica Corp. announced that while it could pay a dividend now it will not. Penick & Ford, Ltd. surprised Wall Street by doubling its usual 50¢ extra. Chesebrough Manufacturing and Bon Ami maintained their extra payments but Coca-Cola passed its usual...

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