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Dividends Per Share Lightfoot Inc., a software development firm has stock outstanding as follows: 10.000 shares of cumulative
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Answer #1

1) Dividend per share

Preferred dividend = 10000*25*3% = 7500

1st year 2nd year 3rd year 4th year
Preferred stock (Dividend per share) 2900/10000 = 0.29 4700/10000 = 0.47 14900/10000 = 1.49 7500/10000 = 0.75
Common stock (dividend per share) 0 0 10140/13000 = 0.78 34450/13000 = 2.65
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