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12/1/36
RCA VOTES 87^ CENT DIVIDEND ON NEW STOCK
David Sarnoff, President of the Radio Corooration of America, announced last Saturday that a dividend on the outstand¬ ing shares of the Corporation's S3. 50 Cumulative Convertible First Preferred stock had been declared by the 3oard of Directors. The dividend is 87-jy cents a share, covering the period from October 1 to December 31, 1936. It is to be paid on December 26, 1936, to the holders of record of such stock at the close of business on December 9, 1936.
Mr. Sarnoff stated that the dividend will also be paid, as soon as practicable after December 26th, to holders to whom $3.50 Cumulative Convertible First Preferred stock is issued after December 9 and prior to January 1, 1937, upon the conversion of "B" Preferred stock of the Corporation, or upon the surrender of Deposit Receipts for "B" Preferred stock or of script certificates for fractional shares of $3.50 Cumulative Convertible First Preferred stock.
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NBC PLANS DAILY PROGRAMS FOR LATIN-AMERICA
A daily schedule of programs arranged especially for South American reception, will be inaugurated in the very near future over Station W3XAL, NBC's short-wave transmitter at Bound Brook, N. J. The new schedule amplifies the thrice weekly pro¬ grams begun last Summer
This announcement follows up a few days, the declara¬ tion of John F. Royal, NBC Vice-President in Charge of Programs, that NBC would broadcast radio programs from the United States into South and Central America to compete with the European pro¬ grams now dominating the air there.
To facilitate the reception of NBC's programs in South America, a new directional-beam antenna is being constructed at Bound Brook. It is expected to be completed about January 1st. The beam will have a spread sufficient to cover all of the South and Central American regions.
Two Spanish-speaking members of the NBC staff, Dan Russell, announcer, and Charles Carvajal, production man, have been placed in charge of building and producing all-Spanish pro¬ grams for the broadcasts. The programs are planned to foster a better understanding between the peoples of the North and South American continents.
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