Dividend Statistics

Last month 91 companies passed dividends. In September last year the number was 19. Yet dividend statistics for the first nine months of 1930, compiled last week by the New York Times, refute the bearish implication of the 91 omissions.

September. During September $475,000,000 in dividends was disbursed. Last year September's declarations came to but $399,000,000. Of this gain, $24,000,000 was contributed by utilities, $24,000,000 by banks and insurance companies, $15,000,000 by food and packing companies, $23,000,000 others. Coppers, motors, oils were big losers.

First Nine Months. No comment was needed upon this table of cash dividends during the first nine months of 1929 and 1930.

1930 1929 Banks & Insurance. -L-222,372,485 $108,218,300 Chain Stores 85,803,342 49,054,580 Coppers 144,677,695 110,003,052 Department Stores 22,359,306 16,503,911 Food & Packing 195,543,847 106,730,591 Mail Order 21,596,271 10,090,099 Motors 161,155,075 167,232,964 Oils 349,135,421 241,925,128 Public Utility 730,880,227 448,865,215 Railroads 376,287,831 308,347,324 Railroad Equipment 41,948,706 40,827,668 Steels 146,241,209 100,746,723 Tobaccos 75,298,000 61,808,946 Miscellaneous 995,413,734 603,029,438 3,621,104,547 2,395,278,581

Tally. Special dividend actions over the first nine months were:

1930 1929 Extra 528 594 Increased 142 258 Reduced 234 32 Initial 332 673 Back 31 57 Stock 298 317 Passed 489 117 Liquidation 21 7 Interim 41 45 Resumed 34 41

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