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Hilton Hotels, 1958 Annual Report
Image 10
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Hilton Hotels Corporation. Hilton Hotels, 1958 Annual Report - Image 10. 1958. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 16, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1356.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1958). Hilton Hotels, 1958 Annual Report - Image 10. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1356

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1958 Annual Report - Image 10, 1958, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 16, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1356.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hilton Hotels, 1958 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1958
Description Hilton Hotels Annual Report for calendar year 1958.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 10
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_011_010.jpg
Transcript The 50th consecutive quarterly dividend was paid to common stockholders on March 2, 1959. This was the regular quarterly dividend of 30 cents per share, declared on January 23, 1959. Dividends on the common stock were paid at the regular quarterly rate of 30 cents per share throughout 1958. Payments were made on March 1, June 2, September 2, and December 1, bringing the total for the year to $1.20 per share, the same as the previous year. The number of common shares of Hilton Hotels Corporation outstanding at December 31, 1958, was 3,856,166, compared with 3,938,671 outstanding a year earlier. The number outstanding was increased by the conversion, on January 2, 1958 (the date of expiration of the conversion privilege) of $488,300 principal amount of 4H% convertible debentures into 21,929 shares of common stock. This increase was more than offset by the repurchase for the treasury of 112,700 shares. The repurchase program, authorized early in 1958 by the Board of Directors, is for the purpose of acquiring those shares which had been issued in connection with the acquisition of properties subsequently sold and no longer providing income to the Company. There were also outstanding at the year-end 52,900 shares of $100 par value, 5% First Preferred Stock, Series A, and 241,419 shares of $25 par value 5/i% Cumulative Voting Preferred Stock, Series A. The merger of Savoy-Plaza, Inc., and Hilton Hotels Corporation became effective December 31, 1958. Of the outstanding shares of Savoy-Plaza, Inc., 83.73% had been previously acquired by your Company. Two and one-half shares of 5H% Cumulative Voting Preferred Stock, Series A, and two shares of common stock of this Company were offered to the holders of each share of Class A and