Show J C PENNEY DECLARES 1 50 QUARTERLY DIVIDEND tt ON PREFERRED Announcement of i a quarterly divid dividend end on the outstanding Preferred Stock of the J C Penney Company Compan of 1 50 per shire share declared out of rent cur cur current rent earnings for quarter ending March 31 is made by b Earl C Sams The board of directors of the Pen Penney Penney ney at a meeting held rebr uary 24 2 1928 declared the dividend pa payable able March larch 31 1928 to preferred stockholders of 1 ecord t at t the close of business March larch 30 1 1128 1428 q 8 IThe I The announcement follows follos s closel the publication of the net earnings of othe the I enney cnney Company Compin foi for the i year ear car en I 1 ling December 31 1927 when the fig for this period were ere given en as 00 after for Federal Taxes as compared to net of 8 8 00 for the cal calendar year ear of 1 1926 Net I earnings after for preferred stock requirements and up ap pliable to common stock were 7 82 or at the rate of 11 1178 78 per shire share on the outstanding out issue of 74 shares of common stock tod In 1926 rate of 10 1062 per share was a de dared on the common stock tock Total sales of the J C Penney Cons Com pony p for 1927 were Here cre 9 IS as compared with total sales of for 1926 an increase of I At the close cIoe of 1927 there were ere Peney stornes as compared with the total of at the close of 1926 an increase of 09 09 store units during the year ear This marks the largest gro growth groth th ever registered in one year in the hl history tory of the company |