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Automotive News Briefs: 8 January 1920
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Automotive News Briefs: 8 January 1920
First Dividend $6 Per Share.
The New York Times
The Cleveland Automobile Company has declared an initial dividend of $6 a share on its preferred stock, payable Jan. 31 to stock of record Jan. 20. This payment clears up the back dividends on the 8 per cent. preferred which have been accumulating since the middle of March. The company is now turning out about 300 cars a week. It is expected that production wil be increased to 700 cars weekly within a short time.
