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3. Dividend History
Savings has a consistent history of paying dividends. For
the 12 months that ended on October 31, 1991, Savings paid common
stock dividends of $8.40 per share. For the years 1986 through
1990, Savings paid dividends as follows:
Dividends Paid
Year Per Share
1986 $4.60
1987 5.60
1988 6.60
1989 7.20
1990 7.80
Thus, dividends paid increased every year for the 5 years
preceding decedent's death, on average by approximately 12.8
percent per annum.
4. Total Assets and Shareholder's Equity
At all relevant times, Savings has had 100,000 shares of
common stock issued and outstanding. As of October 31, 1991,
Savings had total assets of $295,428,000 and shareholder's equity
of $28,344,000.
As of December 31, 1986 through 1990, Savings had total
assets and shareholder's equity as follows:
Year Total Assets Shareholder's Equity
1986 $200,959,000 $15,757,000
1987 228,705,000 18,023,000
1988 243,348,000 20,410,000
1989 266,638,000 22,817,000
1990 281,322,000 25,515,000
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Last modified: May 25, 2011