WESTERN ELECTRIC AND THE BELL SYSTEM

From 1922 to 1959, the rate was $9.00 a share. When the stock was split three-for-one in April, 1959, the rate was set at $3.30 (equivalent to $9.90 on the old basis). Following stockholder approval in April, 1964, the stock was again split two-for-one with a dividend rate of $2.00 established for the new shares. ................
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