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Deceptive dividends in German stocks under mark depreciation
Berlin reports show German stock dividends on a paper-mark basis look unrealistic as mark depreciation erodes real value. For Stamens & Valeky, 80 percent dividend equates to 16 gold pfennigs per share, leaving a 50 share holder with the value of a telephone receiver. Compared with prewar payments, the payouts buy little tangible equipment.
MENTIONED IN THIS ARTICLE
Berlin
Fie
Joan Intexmabiona
Siemens Haiske