Jan. 10 - Split the common stock 4 for 1 and reduced the par from $100 to $25 per share. After the split, there were 500,000 common shares outstanding.
March 1 - Declared semiannal dividends of 1.20 on 80.000 shares of preferrred stock and $.24 on the 500,000 shares of $25 par common stock to stockholders of record on March 31, payable on April 30.
Apr. 30 - Paid the cash dividends.
July 9 - Purchased 75,000 sharees of the corporation's own common stock at $26, recording the stock at cost.
Aug. 29 - Sold 40,000 shares of treasury stock at $32, receiving cash.
Sept 1 - Declared semiannual dividends of $1.20 on preferred stock and $.15 on common in addition a 1% common stock dividend was declared on common stock outstanding to be capitalized at the fair market value of the common stock estimated at $30.