Over $10,000,000. While $10,000,000 is enough to launch a fair-sized company, last year 38 U. S. corporations paid that much out in common dividends alone. The largest representation was from the oil industry, with seven $10,000,000 payers. In order, the complete list as compiled by the Wall Street Journal, is:
1929 1928
General Motors . . . .$155,000,000 $165,300,00
American Telephone. 116,000,000 103,821,440
U. S. Steel . . . . . . . . 63,096,801 49,813,645
Du Pont 60,163,216 49,655,669
Standard Oil of New Jersey 46,738,063 36,583,117
Kennecott 43,936,353 32,909,565
General...
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