"Erie Will Never....?"

Ever since the repeated lootings of Erie by Jim Fiske and Jay Gould in the 60's, it has been a Wall Street truism that "Erie will never pay a common dividend." But last week recently reorganized Erie declared a $5 dividend on its new preferred stock--the entire 1942 requirements. That opens the door to a payment on the common.

This file is automatically generated by a robot program, so reader's discretion is required.