Something Extra

Said General Motors Corp. Chairman Alfred P. Sloan Jr. last week: "A dividend increase at this time will help to keep [stockholders'] returns since the war more in line with the increased cost of living." G.M.'s contribution to the cause: a fat $2.50 extra dividend on top of its regular $1.50 quarterly payment. All told, G.M. stockholders will get $176 million for the quarter, of which $40 million will go to Du Pont, biggest G.M. stockholder. G.M. dividends this year already amount to $7 a share v. 1949's total payment of $8.

Other big companies followed suit. U.S. Rubber tacked...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!