Page:Hints About Investments (1926).pdf/204

 preceding five years. Here is the result of the test:—

The year by year performance of the companies was as follows:—

The Eastern Telegraph Company paid a dividend of 7 per cent. for the first four years, 8 per cent. for the next four, and 10 per cent., free of income tax, for the remaining six years.

Howard & Bullough paid 15 per cent. for the first two years, and with the second dividend distributed a bonus of 33⅓ per cent. In the following year the rate was 15⅚ per cent., but for the next four years it dropped to 10 per