Solution:
Par value per prefered share | Dividend Rate | Dividend per preferred share | Number of preferred shares | Preferred dividend | |
Annual preferred dividend: | $5.00 | 6.5% | $0.325 | 90000 | $29,250.00 |
Total cash dividend paid | Paid to preferred | Paid to common | Dividends in Arrears at year end | ||
2015 | $18,100.00 | $18,100.00 | $0.00 | $0.00 | |
2016 | $27,200.00 | $27,200.00 | $0.00 | $0.00 | |
2017 | $255,000.00 | $29,250.00 | $225,750.00 | $0.00 | |
2018 | $405,000.00 | $29,250.00 | $375,750.00 | $0.00 | |
Total | $705,300.00 | $103,800.00 | $601,500.00 |
Return to qui 12 Required information Use the following information for the Exercises below. The following...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2016 total cash dividends 2017 total cash dividends $ 18,100 27,200 2018 total cash dividends...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2016 total cash dividends 2017 total cash dividends $ 18,100 27,200 2018 total cash dividends...
Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 18,100 27,200 255,000 405,000 Determine the...
Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 18,100 27,200 255,000 405,000 Determine the...
Required information [The following information applies to the questions displayed below.] points York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ 2016 total cash dividends 2017 total cash dividends 18,100 27, 200 2018 total cash dividends 2019 total cash dividends $ 255,000...
York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 18,100 27,200 255,000 405,000 Determine the amount of dividends paid each year to...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) York's outstanding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash...
Le completion York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,100 27,200 255,000 405,000 Use the data in Exercise 13-10 to...
Required Information Use the following information for the Exercises below. [The following Information applies to the questions displayed below.] York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2016 total cash dividends 2017 total cash dividends $20, 28,888 2018 total cash dividends 2019...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. York's outstanding stock consists of 70,000 shares of 6.0% preferred stock with a $5 par value and also 180,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: $ 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash...