Show J C P Penney Declares 50 Quarterly Dividend Di on Preferred Announcement of i a quarterly divid dividend end on the outstanding Preferred stock of the J C Penne Penney Company of per shire share declared out of current earnings for quarter ending March 31 is s made by Earl Eari C Sams The Board of Directors of the Penney Company at i a meeting held February 24 2 1928 1923 declared the dividend end pay payable ible March 31 1928 to pre pre- preferred preferred pre preferred stockholders of record at the the- the the-cloe close e of business March l 20 1928 1923 The follows closely the publication of the net earnings of the Penney Company Comp for the year ending December 31 19 1927 1937 7 when the figures figar's for this enod were ere given as asS asS S 00 after deductions for Federal Taxes Takes as compared to net earnings of 8 2 00 for the ca cal calendar calendar sear ear of 1926 Net earnings s after deductions for preferred stock requirements and ind sp- sp applicable ap applicable to common stock were 7 or at the rate of 11 78 per share on the outstanding issue of 57 1274 shares share of common stock In 1926 rate of 1062 10 62 Per er T r er share was declared on the common stock Total sales of the J C Penney Company for 19 1927 7 were as compared with mth total sales of for 1926 an increase of 36 36 27 18 At the close of 1927 there were ere 95 1 Penney stores as S compared with the total of at the close of 1926 an increase of store units during the year car This marks the largest growth ever registered m in one year ye in m the history of the company |