Dividends Per Share
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 4% stock, $130 par, and 77,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $80,040; second year, $169,160; third year, $202,090; fourth year, $215,850.
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividend per share) | $ | $ | $ | $ |
Common stock (dividend per share) | $ | $ | $ | $ |
Answer
1st year |
2nd year |
3rd year |
4th year |
|
Preferred Dividend per share |
$ 3.48 |
$ 6.92 |
$ 5.20 |
$ 5.20 |
Common Stock per share |
$ - |
$ 0.13 |
$ 1.07 |
$ 1.25 |
--Workings
Par Value per Preferred Share |
Dividend rate |
Dividend per Preferred Share |
No. of Preferred Shares |
Preferred Dividend |
|
Annual Preferred Dividend: |
$ 130 |
4.00% |
$ 5.200 |
23,000 |
$ 119,600.00 |
Total Cash Dividend paid |
Paid to Preferred |
Paid to Common |
Dividends in Arrears at Year end |
||
Year 1 |
$ 80,040.00 |
$ 80,040.00 |
$ - |
$ 39,560.00 |
|
Year 2 |
$ 169,160.00 |
$ 159,160.00 |
$ 10,000.00 |
$ - |
|
Year 3 |
$ 202,090.00 |
$ 119,600.00 |
$ 82,490.00 |
$ - |
|
Year 4 |
$ 215,850.00 |
$ 119,600.00 |
$ 96,250.00 |
$ - |
|
TOTAL |
$ 667,140.00 |
$ 478,400.00 |
$ 188,740.00 |
$ - |
1st year |
2nd year |
3rd year |
4th year |
|
Preferred Dividend: |
||||
Total |
$ 80,040.00 |
$ 159,160.00 |
$ 119,600.00 |
$ 119,600.00 |
Dividend per share |
$ 3.48 |
$ 6.92 |
$ 5.20 |
$ 5.20 |
Common Stock Dividend: |
||||
Total |
$ - |
$ 10,000.00 |
$ 82,490.00 |
$ 96,250.00 |
Dividend per share |
$ - |
$ 0.13 |
$ 1.07 |
$ 1.25 |
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of...
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....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 3% stock, $140 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, $64,630; second year, $138,570; third year, $172,200; fourth year, $199,010, 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 3% 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, $46,410; second year, $102,190; third year, $129,920; fourth year, $161,000. 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....
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....