Salt Lake Herald | 1901-12-07 | Page 1 | Rio Grande Western Stockholders Learn There Will be No Dividends

RIO GRANDE WESTERN HO D ERS LEARN THERE WILL BE NO DIVIDENDS Special to The TIle Herald HerId Ber ld New York Dec 6 Dividend on OlD the Rio Grande Western railway shares are likely to be suspended for an nite period according to information received today This development came out from inquiries made by preferred stockholders of that company com any ia la re regard gard jard to the payment of the 1 per cent quarterly dividend end now due en on time these bonds This Th is dividend has not been de do declared dared claM nor so far as could be learned today 1 is L there any intention of making maId the payment although the th Rio Grande Graude Western railroad paid 5 per cent on this th issue luve of stock in each of the lest last two years and in addition 5 per cent ceat centon ceaton on In the common stock It is said aid that over 96 per cent of the Rio Bio Grande Western W ster stock has been deposited with the Denver Beaver Sc RJ e Grande i railroad and it is Intimated that tM Rio Grande Western share holde who refuse to deposit their stock melt are Ale merely holding out In m the hope ef et receiving a better offer after for their shares than was received by the general body of ot shareholders L Holders H of RIo Ornde Western tent preferred shares who mho 00 have been unable to eel col collect loot lect the Ute quarterly divided assert eert that the Denver AI Rio Grande railroad is IB resorting to a plan Dian lan of freezing out the minority shareholders It is said aid that the Denver A Rio Grande railroad proposes s to divert all the Rio Grande Grand Westerns Western net Bet income for come timeto time to carry out oat t a scheme of cd betterment and nd extension It Jt is willing wIDing to forego fon o dividends on Oft its own I holdings bol of Rio Grande Grand Western shares tc this end