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Hilton Hotels, 1958 Annual Report
Image 11
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Hilton Hotels Corporation. Hilton Hotels, 1958 Annual Report - Image 11. 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/1357.

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 11. 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/1357

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 11, 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/1357.

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 11
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_011_011.jpg
Transcript Regular quarterly dividends were paid also on the 5% First Preferred Stock, Series A, and on the 5lA% Cumulative Voting Preferred Stock, Series A. Dividend payments totaled $5,296,820 on all classes of capital stock in 1958, compared with $5,232,995 the year before. After dividend payments, $4,806,370 of the year's net profit remained to provide for the continued growth of the Company, compared with $4,830,623 for the previous year. Class B common stock of -Savoy-Plaza, Inc., not owned by this Company. Accordingly, 8,022 shares of 5H% Cumulative Voting Preferred Stock, Series A, and 6,418 shares of common stock of this Company were issued. Certain holders of the stock of Savoy-Plaza, Inc., dissented and have subsequently perfected their legal rights, and appraisal proceedings are pending to determine the fair cash value of their stock. As a result of this merger, the corporate structure of your Company was further simplified. The book value per share of common stock of Hilton Hotels Corporation on December 31, 1958, was $21.64, compared with $20.35 a share at the close of the previous year. Book value, of course, reflects, among other things, the original cost to the Company of its assets, less accumulated depreciation. It does not reflect the rise in recent years in the fair market value for such assets. To illustrate this, The Conrad Hilton is now carried on our books at $8,661,193, but could be sold for several times this amount in today's market. Common stocks of major hotel companies are currently being accepted by private and institutional investors as attractive vehicles for income and capital growth. Over 500,000 shares, or 13 per cent, of Hilton common stock are presently held by investment trusts, banks, and pension funds. DIVIDENDS PER SHARE 58 .40 - 1949 1950 1951 1952 1953 1954 1955 1956 1957 19 EARNINGS PER SHARE $H.OU $4.00 $3.50 $1.50 -1 19 49 19 50 19 51 19 52 19 53 1954 1955 1956 1957 1958 STOCKHOLDERS EQUITY PER SHARE ~^-j3'?* 19 49 19 50 19 51 19 52 19 53 19 54 IS 55 19 56 19 57 19 58