Question

Dividends Per Share

Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:

Year 1	$45,000
Year 2	24,000
Year 3	90,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

	Preferred Stock (dividends per share)	Common Stock (dividends per share)
Year 1	$	$
Year 2	$	$
Year 3	$	$

Answer 1

30000 Shares 2%Preferred stock $100 Each 15000 1500000 Common Stokc $15each 50000 750000 AnnualPreferred Dividned = 1500000*2% Distribution of Dividend Preferres Common Year Dividend Dividend Dividend 45000 30000 15000 24000 24000 3 90000 36000 54000 2 A TATE Year Answers Dividend Per share Preferred Common 2.00 1.60 2.40 2 0.30 0.00 1.08 Dividend Per Share = Dividend Paid / total Outstanding Shares