Evening Republican, Volume 19, Number 27, Rensselaer, Jasper County, 1 February 1915 — Sears, Roebuck & Co. Declares a 50 Per Gent Stock Dividend. [ARTICLE]

Sears, Roebuck & Co. Declares a 50 Per Gent Stock Dividend.

Chicago, Jan. 30.—The payment of a $20,000,000 stock dividend to the holders of the $40,000,000 common stock of the mail order corporation was recommended by the directors of Sears, Roebuck & Co. today. The new shares of the 50 per cent dividend will be issued against all accumulated surplus of approximately $23,500,000, a large part of which has been reinvested in the business. The directors recommended that the distribution should be made April 1 to stockholders of record March 15.