Ogden Daily Standard | 1916-01-25 | Page 7 | United States Steel Dividend

MITEDlTATES SIEEL DIVIDE! New York, Jan. 25. The United States Steel corporation resumed dl-vident dl-vident payments in its common stock today when the directors declared a quarterly distribution of 1 1-4 per cent. This restores the common stock to a five per cent basis. It was the first payment authorized on the junior issue is-sue since tho dividend declared for the September quarter of 1914 which was on-half of one per cent. Prior to that common stock has been paying five per cent since June, 1910. Some predictions had freely been made that the corporation's earnings of last quarter of 1915 equalled or exceeded ex-ceeded the record of $4&.503,705, established es-tablished In the second quarter of 1907. It had been generally believed that tho volume of business during the last six months of 1915 enabled the corporation to recoup its losses