1st year | 2nd year | 3rd year | 4th year | ||
Preferred Stock (Dividend per share) | $ 2.01 | $ 3.99 | $ 3.00 | $ 3.00 | |
Common Stock (Dividend per share) | 0 | $ 0.20 | $ 0.96 | $ 1.67 | |
Workings: | |||||
1st year | 2nd year | 3rd year | 4th year | ||
(a) | Total Dividend Paid | $ 30,150 | $ 69,850 | $ 93,000 | $ 1,28,500 |
Dividend for Preferred shareholder's (15000 X $150 X 2%) | $ 45,000 | $ 45,000 | $ 45,000 | $ 45,000 | |
Carry forward of last year Dividend Payable to Preferred shareholder's | $ 14,850 | ||||
Remaining Dividend Payable to Preferred Stockholder's ($30150 - $45000) | $ -14,850 | ||||
(b) | Total Dividend for Preferred shareholder's | $ 30,150 | $ 59,850 | $ 45,000 | $ 45,000 |
(a) - (b) | Dividend for Common shareholder's | 0 | $ 10,000 | $ 48,000 | $ 83,500 |
(i) | Total Dividend for Preferred shareholder's | $ 30,150 | $ 59,850 | $ 45,000 | $ 45,000 |
(ii) | Number of Preferred shares | 15,000 | 15,000 | 15,000 | 15,000 |
(i) / (ii) | Preferred Stock (Dividend per share) | $ 2.01 | $ 3.99 | $ 3.00 | $ 3.00 |
(i) | Dividend for Common shareholder's | 0 | $ 10,000 | $ 48,000 | $ 83,500 |
(ii) | Number of Common shares | 50,000 | 50,000 | 50,000 | 50,000 |
(i) / (ii) | Common Stock (Dividend per share) | 0 | $ 0.20 | $ 0.96 | $ 1.67 |
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000...
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 4% stock, $150 par, and 50,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $60,300; second year, $129,700; third year, $153,500; fourth year, $166,500. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 1% stock, $110 par, and 70,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $15,540; second year, $40,660; third year, $79,240; fourth year, $153,300. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc, a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of cumulative preferred 3% stock, $150 par, and 89,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $75,500; second year, $159,500; third year, $202,900; fourth year, $239,490. Compute the dividends per share on each dass of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 4% stock, $160 par, and 67,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $85,800; second year, $180,200; third year, $208,010; fourth year, $208,400. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 2% stock, $130 par, and 77,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,020; second year, $89,580; third year, $126,840; fourth year, $179,920. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
tem Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 1% stock, $160 par, and 80,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $25,680; second year, $61,120; third year, $98,560; fourth year, $163,200. Compute the dividends per share on each dass of stock for each of the four years. Round all answers to two decimal...
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 3% stock, $120 par, and 63,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $45,790; second year, $101,010; third year, $136,710; fourth year, $182,430. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 4% stock, $150 par, and 40,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $48,240; second year, $105,760; third year, $127,600; fourth year, $146,400. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 2% stock, $150 par, and 80,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $48,240; second year, $105,760; third year, $138,400; fourth year, $176,800. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 2% stock, $130 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,060; second year, $75,740; third year, $104,440; fourth year, $147,680. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....