Monday, Nov. 20, 1950
Biggest
General Motors Corp. last week voted to pay all its 430,452 stockholders the biggest year-end cash dividend in U.S. corporate history, $223.7 million--$36.9 million more than last year. To the 399,989 holders of common stock, G.M. will pay a dividend of $2.50, making a total equivalent to $6 per share for the new split stock in 1950.
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