Extra Dividends

Last week the General Motors Corporation* declared an extra dividend of $1 a share on the outstanding common stock. This is the second increase in payments to common stockholders this year. In March the stock was placed on a $6 annual dividend basis by raising the quarterly dividend from $1.25 to $1.50.

Several other companies last week declared extra dividends.

Directors of the Eastman Kodak Co. paid 75-c- a share on the common stock.

The McCall Publishing Co. gave $8 a share on account of arrears due on the first preferred stock.

The U. S. Gypsum Co. declared $1 on the common stock.

*One of the few $1,000,000,000 corporations in the world. Others: American Telephone & Telegraph Co., Standard Oil Co. of New Jersey, the Pennsylvania and New York Central Railroads, U. S. Steel Corporation, National City Bank of N. Y.