Stock split does not change dividends without payout raise
A reader asks why a two for one stock split did not increase the dividend. The answer explains that split alone does not change payouts. if the annual dividend rate remains, the quarterly per share amount halves after the split, keeping total dividend for 110 shares equal to the old 55 share total unless the company boosts the payout.
Stock Market Study Supports Long Run Gains for Stocks
A Chicago Booth study by Lorie and Fisher, funded by Merrill Lynch and foundations, argues stocks outperform bonds over the 1926 60 period with annual returns of about 9.01 percent for tax exempt institutions and 6.84 percent for high income groups. The piece notes timing risks and questions whether high price earnings ratios and low yields will continue to deliver similar gains in the next decade.
MENTIONED IN THIS ARTICLE
J. A. Livingston
Graduate School of Business
University of Chicago
James H. Lorie
Lawrence Fisher
Merrill Lynch, Pierce, Fenner & Smith
Ford and
National Science Foundations
Lorie
Fisher
New York Stock Exchange
Wall Street
Lemons
Ibms
General Motories
At&t's
Edgar Lawrence Smith
Smith
Wall
Consolidated Edison
Livestock Outlook Is Bright For Arizona Ranges
The Arizona Livestock Reporting Service notes above average range and livestock conditions. Warmer fall weather allowed continued grazing in November and rainfall improved winter and spring prospects. Water supplies were adequate except in parts of Santa Cruz and Cochise Counties. On Dec 1, range condition stood at 84 percent, up 14 points from last year.
MENTIONED IN THIS ARTICLE
Phoenix
Upi
Arizona Livestock Reporting Service
Santa Cruz
Cochise
Arizona
Summit Meeting Out For 1964
Secretary of State Dean Rusk told American allies that President Johnson will rule out any summit with Soviet Premier Khrushchev in 1964. Rusk arrived for Western talks on the Atlantic Alliance, with Defense Secretary Robert S. McNamara also joining the discussions.
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Paris
UPI
Dean Rusk
America
Johnson
Nikita S. Khrushchev
Rusk
Defense
Robert S. McNamara
Washington
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