Question

Inc. has 1,000, 000 shares with Dividends $3.20 cumulative Preferred Stocks and 4,000,000 Common Stock Shares...

Inc. has 1,000, 000 shares with Dividends $3.20 cumulative Preferred Stocks and 4,000,000 Common Stock Shares . After 1 year in arrears, Inc. declared $8,200,000 in dividends.

What is the preferred stock dividend per share ?

What is the common stock dividend per share?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Dividend declared = $      8,200,000
Preferred dividend =
3.2*1000000*2 $      6,400,000
Common dividend $      1,800,000
preferred stock dividend per share=
6400000/1000000
6.4
common stock dividend per share
1800000/4000000
$     0.45
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
521. Car company has issues 75,000 of $1 par, 6% cumulative preffered stock. preferred dividends are...
521. Car company has issues 75,000 of $1 par, 6% cumulative preffered stock. preferred dividends are 3 years in arrears. Car company has 200,000 shares of $0.50 par common stock issued and 50,000 shares of treasury stock. Total dividends declared in currebt year are $240,000. what is dividend per share the common stockholders will receive ?
Dividends on Preferred and Common Stock Sunbird Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Sunbird Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Sunbird Theatre Inc. has declared the following annual dividends over a six-year period: 2011, $20,000; 2012, $36,000; 2013, $70,000; 2014, $90,000; 2015, $102,000 and 2016, $150,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 100,000 shares of cumulative preferred 1% stock, $30 par, and 400,000 shares of common stock, $20 par....
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $32,000; Year 2, $64,000; Year 3, $144,000; Year 4, $176,000; Year 5, $224,000; and Year 6, $288,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative preferred 2% stock, $100 par, and 100,000 shares...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $16,000; Year 2, $32,000; Year 3, $72,000; Year 4, $92,000; Year 5, $116,000; and Year 6, $144,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative preferred 2% stock, $100 par, and 100,000 shares...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $30,000; Year 2, $60,000; Year 3, $135,000; Year 4, $173,000; Year 5, $210,000; and Year 6, $270,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 3% stock, $100 par, and 100,000 shares...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $16,000; Year 2, $48,000; Year 3, $72,000; Year 4, $92,000; Year 5, $112,000; and Year 6, $144,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 2% preferred stock, $100 par, and 100,000 shares...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $40,000; Year 2, $80,000; Year 3, $180,000; Year 4, $220,000; Year 5, $290,000; and Year 6, $360,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 4% stock, $100 par, and 100,000 shares...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $20,000; 20Y2, $40,000; 20Y3, $90,000; 20Y4, $115,000; 20Y5, $145,000; and 20Y6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $5 par. Required:...
Question#3: Cash Dividends with Cumulative Preferred Stock       Tucker Exports has the following stock outstanding: 25,000...
Question#3: Cash Dividends with Cumulative Preferred Stock       Tucker Exports has the following stock outstanding: 25,000 shares of $80 par value, 6% cumulative preferred stock 150,000 shares of $2.50 par value, common stock The company declares and pays the following dividends for the past four years: 2017              $ 65,000 2018              $412,000 2019              $303,000 2020              No dividends are paid Compute the total cash dividends paid to each class of stock in 2017 through 2020 using the following table. Arrearage Preferred Common...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred...
Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 4% stock, $20 par, and 31,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,500; second year, $12,500; third year, $68,210; fourth year, $115,790. Calculate 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...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT