Salt Lake Telegram | 1932-05-02 | Page 11 | Standard Oil Will Pay Extra Dividend

STANDARD OIL WILL PA PAY Y EXTRA DIVIDEND NEW YORK YORK May 2 1 P IP Directors of the Standard Oil 01 Company of New Jersey today declared declare the usual extra ex cx- tra dividend of 25 2 cents a share together to gether with the regular quarterly of ot 25 cents cent both payable June 15 to t stock of record May 16 Heavy selling of the stock in recent weeks raised some doubt as a to whether the company would declare the usual extra dividend but the action action ac ac- ac tion ton of directors today was not riot con considered cod cod- coro a great surprise in view of the company's extraordinarily strong financial condition It I is i expected that the the annual re report report re- re re port due in the next week or two will wi show that earnings in 1 1931 31 fell fel well wen short of or the 2 dividends dividend paid pad during the year