OCR Text |
Show EXTRA CASH 'DipND Tobacco Trust Says It Is Disposing of Illegal Holdings New York. Aug. 7. The American Tobacco company today declared an extra cash dividend of 20 per cent on the common stock In addition to the regular quarterly dividend of 2 .1-2 per cent. The company also announced an-nounced a distribution of 10,000 shares of stock of the American Machinery Ma-chinery and Foundry company to stockholders of the American Tobacco Tobac-co company. The American Tobacco company states that under tho decree of integration in-tegration ordered by the government, the company waB required to dispose of certain securities, such disposition to bo mado before January 1, 1915. Of theso securities, the company states that It has disposed of one-half one-half of its holdings of British-American Tobacco company, limited, nonvoting non-voting preference shares; practically one-half of Its holding of No. A ordinary or-dinary shares of the Imperial Tobacco Tobac-co company, limited, and all of Its holdings of the corporation of the United Cigar Stores bonds. From cash received from ' the disposal dis-posal of the securities, the 20 per cent extra dividend Is to be paid on the common stock of tho American Tobacco company. |