Business & Finance: Taxes & Profits

Not long before Franklin D. Roosevelt was nominated in Chicago in 1932 cool-headed investors could have bought stock in Chrysler Corp. for $5 per share. Last week the Chrysler directors assembled in their board room on the 56th floor of Manhattan's Chrysler Building, declared a dividend of $4 per share. That was the highest single payment ever voted in Chrysler history, equal to twice the amount paid all last year and within 50ยข per share of total dividends for the four years through 1934. Announced after the stockmarket had closed in Manhattan, the...

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