Our company has 100,000 shares of $4 par 5% cumulative stock outstanding. This year the board...
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Our company has 100,000 shares of $4 par 5% cumulative stock outstanding. |
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This year the board of directors declared $80,000 in dividends (the total |
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dividend, to be divided between preferred and common stock). Last year, |
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$6,000 in dividends were declared. |
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(1) "Dividends in arrears" is how much? |
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(2) How much TOTAL dividend does preferred stock receive this year? |
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(3) How much TOTAL dividend does common stock receive this year? |
Homework Answers
Annual Preferred Dividend = 100,000*4*5%= 20,000
Answers :
1) Dividend in Arrears (20000-6000) = 14,000
2) How much Dividend Paid to Preferred Stock (20,000+14000) = 34,000
3)How Many dividends Paid to Common Stock (80000-34,000) = 46,000
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