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Hilton Hotels, 1956 Annual Report
Image 22
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Hilton Hotels Corporation. Hilton Hotels, 1956 Annual Report - Image 22. 1956. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 25, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/598/show/583.

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. (1956). Hilton Hotels, 1956 Annual Report - Image 22. 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/598/show/583

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, 1956 Annual Report - Image 22, 1956, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 25, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/598/show/583.

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, 1956 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1956
Description Hilton Hotels Annual Report for calendar year 1956.
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 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_009_022.jpg
Transcript inxr Q]V[H the hilton dollar. A primary concern of every Hilton shareholder is the manner in which the Hilton dollar is divided. The chart on the facing page ^ indicates from what sources the Hilton dollar was received in 1956, and for what items it was concurrently expended. As has been the case in every year since the formation of the Corporation, the greatest source of income was room occupancy, followed in volume by revenues derived from the sale of food via dining rooms, banquet halls, snack shops, and room service. Since this is our tenth anniversary, a decade's perspective is in order. Five years ago, room occupancy accounted for 39.40 of the Hilton dollar, and sale of food accounted for 34.20. Ten years ago, room occupancy accounted for 39.30 of the Hilton dollar, and the sale of food accounted for 31.50. Similarly, in 1947 the cost of goods sold was 19.20, compared to 19.70 in 1952, and 17.50 in 1956. Other expenses totaled 13.30 in 1947, compared to 17.60 in 1952, and 14.00 in 1956. Interest on borrowed money totaled 1.90 in 1947, compared to 1.40 in 1952, and 1.30 in 1956; and depreciation in 1947 came to 4.60, as compared to 4.40 in 1952, and 4.00 in 1956. As indicated, the year- by-year variances in percentage are minor. As does an individual, the Hilton Hotels Corporation keeps a steady eye on its dollars. dividends. On July 28, 1956, the Board of Directors increased the regular quarterly dividend on the then outstanding common stock from 50 cents per share to 60 cents per share. At the same meeting, the Board of Directors voted to split the common stock of the Corporation on a two-for-one basis, a move which was approved by stockholders at a special meeting on September 17, 1956. Adjusted for this split, dividend payments on common stock during the year amounted to 25 cents on March 1 and June 1, and 30 cents on September 1 and December 1. The total for the year was $1.10 per share, compared with the equivalent amount of $1.00 per share in 1955, and 500 per share in 1947. The stock split was motivated by a wish to broaden public interest in the Corporation. Regular quarterly dividends were paid throughout the year on both the 5% First Preferred Stock, Series A, and on the 4%% First Preferred Stock (Convertible), Series B, until its complete conversion in July. Total dividend payments on all classes of stock in 1956 were $4,295,157, compared with $3,780,749 in 1955, and $2,039,198 in 1947. After payment of dividends, the balance of net profit, totaling $12,457,212, was retained for reinvestment in the business, compared with a reinvestment of $5,324,011 in 1955, and $3,660,536 in 1947. 20