Show r Declares Dividend The Board of Directors of ot the J J. C. C Penney Co at a meeting on March declared a quarterly dividend of ot per share on the outstanding co costock common moron stock of the company payment to be made on March to stockholders of record of March 2 tb 1930 This is a athe at atthe atthe t the rate of per year per share on the common stock k A quarterly dividend of was de declared declared de- de I dared on the outstanding preferred d a stock payment to be made mode on March Marc h I to stockholders of record of March Marc h i 1930 This is at the rate of 6 00 O Oear per share yearly early Total shares of outstanding p no-p par no-par ear common stock at the present time ar are arc eare e compared with shares share s outstanding a year ago An increase 1 in n authorized common stock from 1250 0 shares to shares was made mad e early in 1929 and the sale of ot this stock stoc k to common stock holders in the ratio rats 0 of two new shares at a share f for each one share held developed a 20 0 percent increase in the outstanding g shares of common stock Adjusted on the basis of this increase e in outstanding en shares shahs of ot common comma n stock the quarterly dividend rate of 7 75 5 cents per share on the common this thi s year amounting to per share f for tor the year is equivalent to a share compared with which was ViaS de declared declared de- de I dared last year showing an In Inon increase crease on a comparable basis of a share aha re |