Solution
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock | $ 0.65 | $ 1.43 | $ 1.68 | $ 1.25 |
Common stock | $ - | $ - | $ 0.03 | $ 0.83 |
Working
Par Value per Preferred share | Dividend rate | Dividend per preffred share | Number of preffered shares | Preffered Dividend | |
Annual Prefrred Dividend: | 125 | 1.00% | $ 1.250 | 40000 | $ 50,000.00 |
Year | Total Cash dividend Paid | Paid to Preferred | Paid to common | Dividends in arear at year-end | |
1 | $ 26,000.00 | $ 26,000.00 | $ 0 | $ 24,000 | |
2 | $ 57,000.00 | $ 57,000.00 | $ 0 | $ 17,000 | |
3 | $ 70,000.00 | $ 67,000.00 | $ 3,000 | ||
4 | $ 129,000.00 | $ 50,000.00 | $ 79,000 | ||
Total | $ 282,000.00 | $ 200,000.00 | $ 82,000.00 | $ 41,000.00 |
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