DIVIDENDS: Peace of Mind

Swift & Co. tried something new last week to help give its stockholders peace of mind. The directors abandoned the practice of declaring dividends every quarter, instead voted a full year's dividend at one clip. During 1950, promised the directors, Swift's dividends will total $1.60 a share, payable in 40¢ quarterly installments (the rate for the last six years), plus a special dividend of 75¢ payable March 1.

∙ ∙ ∙

Illinois Central Railroad also tried something new. For the first time since 1931, the directors voted to pay a dividend on its 1,357,995 shares of common stock. The dividend...

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!