DIVIDENDS: Payoff

Though earnings of the family-owned Ford Motor Co. have always been and still are a mystery, some facts about its dividends and ownership came out last week. In a report to Detroit's Probate Court, Clara Ford, widow of Henry the First, reported that the company paid out two dividends amounting to $4.50 a share for the year ending last July 1.

Mrs. Clara Ford is executrix of the estate, which holds 95,321 shares (55.2% of the voting stock) for her grandchildren, who will eventually divide it. On these holdings, the estate got $428,944....

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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