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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?

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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
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