years ago. The return on net worth is over 22%. Dividends have been increased in each of the last 19 years and currently are being paid at twice the 1963 rate and 15 times the 1949 rate. With only one modest acquisition involved we have built the market value of the company to over $585 million -- about 60 times the net worth 20 years ago. For those who have held their stock this length of time this is the equivalent of having the market value of their holdings double on the average about every 38 months. No longer does the stock sell at 60% of book value but now at 450% of book value and over 20 times earnings. We now have over 5,500 shareholders and our shares are listed on the New York Stock Exchange. In the past year we disposed of nearly all our heavy construction business, once virtually our only means of support and accounting for over half of our gross revenues in the past decade. We are now engaged directly or through affiliated companies in mining, land development, ocean shipping, dredging, and building construction, with mining being far and away the largest source of our profits. Twenty years ago our income was all from domestic sources but today more than half of it is derived from sources overseas. Our major profits today are derived from the mining of iron ore in Utah, Peru, and Western Australia; copper in Arizona; uranium in Wyoming; steam coal in New Mexico; and coking coal in Australia. Much of the output of these mines has been sold ahead under long-term contracts, some running as long as 35 years. Today, without taking -4-