Solution
Par Value per Preferred share | Dividend rate | Dividend per preffred share | Number of preffered shares | Preffered Dividend | |
Annual Prefrred Dividend: | 5 | 6.50% | $ 0.33 | 90000 | $ 29,250.00 |
Total Cash dividend Paid | Paid to Preferred | Paid to common | Dividends in arear at year-end | ||
2016 | $ 18,100 | $ 18,100 | $ 0 | $ 11,150 | |
2017 | $ 27,200 | $ 27,200 | $ 0 | $ 13,200 | |
2018 | $ 255,000 | $ 42,450 | $ 212,550 | ||
2019 | $ 405,000 | $ 29,250 | $ 375,750 | ||
Total | $ 705,300 | $ 117,000 | $ 588,300 |
In year 2018 first dividend in arrear will be paid to preferred stockholders and then the current year dividend will be paid.
Required information [The following information applies to the questions displayed below.] points York's outstanding stock consists...
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 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...
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...
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 [The following information applies to the questions displayed below.] York's outstanding stock consists of 80,000 shares of 6.0% preferred stock with a $5 par value and also 300,000 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 $ 13,000 22,000 250,000 400,000 Determine the amount...
Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of 6.0% preferred stock with a $5 par value and also 300,000 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 $ 13,000 22,000 250,000 400,000 Determine the amount...
Required information [The following information applies to the questions displayed below.] York's outstanding stock consists of 70,000 shares of 8.0% preferred stock with a $5 par value and also 230,000 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 Part 2 of 2 $ points 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends 17,700 26,000...
Return to qui 12 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: 2015 total cash dividends 2016 total cash dividends 2017 total cash...
> Dividend Per Preferred share should actually be 0.325 ($5.00 X 6.5%)
ariel friday Mon, Feb 7, 2022 12:50 AM