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Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $5 par

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Answer #1

20Y1

Dividend to preferred shareholders = 25000*50*3% = $37500

Dividend to common shareholders = 93800 - 37500= $56300

20Y2

Dividend to preferred shareholders = 25000*50*3% = $37500 restricted upto 15000

Dividend to common shareholders = $0

20Y3

Dividend to preferred shareholders = 25000*50*3% = $37500 + 37500-15000 = $60000

Dividend to common shareholders = 93800 - 60000= $33800

Preferred stock
(dividend per share)		 Common stock
(dividend per share)
20Y1 37500/25000 = $1.5 $56300 / 50000= $1.13
20Y2 15000/25000 = $0.6 $0
20Y3 60000/25000 = $2.4 $33800 / 50000= $0.68
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