Charles H. Steinway reports Steinway & Sons business results of the 1902 year, as recorded in the Minutes of Board of Trustees: “The house, Mr. Steinway said, had again beaten the preceding business year considerably in all respects. A dividend of 12% had been declared and paid November 15th and another one of 15% had been declared on March 26, … making a total of 27%… Thus for the past three years the dividends of 23%, 25% and 27%, or a total of 75 %, had been declared, making the great sum of $1,500,000 in that comparatively short period of time.”