Answer
Par Value per Preferred Share |
Dividend rate |
Dividend per Preferred Share |
No. of Preferred Shares |
Preferred Dividend |
|
Annual Preferred Dividend: |
$ 5 |
6.00% |
$ 0.300 |
75,000 |
$ 22,500.00 |
Total Cash Dividend paid |
Paid to Preferred |
Paid to Common |
Dividends in Arrears at Year end |
||
Year 1 |
$ 12,100.00 |
$ 12,100.00 |
$ - |
$ 10,400.00 or $ 0 |
|
Year 2 |
$ 20,500.00 |
$ 20,500.00 |
$ - |
$ 12,400.00 or $ 0 |
|
Year 3 |
$ 220,000.00 |
$ 22,500.00 |
$ 197,500.00 |
$ - |
|
Year 4 |
$ 370,000.00 |
$ 22,500.00 |
$ 347,500.00 |
$ - |
|
TOTAL |
$ 622,600.00 |
$ 77,600.00 |
$ 545,000.00 |
$ - |
Par Value per Preferred Share |
Dividend rate |
Dividend per Preferred Share |
No. of Preferred Shares |
Preferred Dividend |
|
Annual Preferred Dividend: |
$ 5 |
6.00% |
$ 0.300 |
75,000 |
$ 22,500.00 |
Total Cash Dividend paid |
Paid to Preferred |
Paid to Common |
Dividends in Arrears at Year end |
||
Year 1 |
$ 12,100.00 |
$ 12,100.00 |
$ - |
$ 10,400.00 |
|
Year 2 |
$ 20,500.00 |
$ 20,500.00 |
$ - |
$ 12,400.00 |
|
Year 3 |
$ 220,000.00 |
$ 34,900.00 |
$ 185,100.00 |
$ - |
|
Year 4 |
$ 370,000.00 |
$ 22,500.00 |
$ 347,500.00 |
$ - |
|
TOTAL |
$ 622,600.00 |
$ 90,000.00 |
$ 532,600.00 |
$ - |
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