Dividends Per Share In aging Inc., a developer of radiology equipment, has stock

Question

Dividends Per Share In aging Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000 shares of cumulative preferred 2% stock, $120 par, and 60,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $28,980; second year, $67,420; third year, $100,680; fourth year, $154,800 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 dvidends are pad in a given year enter . 1st Year 2nd Year 4th Year 3rd Year 1-80 1-68 1.61 2.08 1.12 Preferred stock (dividend per share) Common stock (dividend per share) 4.83 2.58

Explanation / Answer

Calculate dividend per share :

1st year 2nd year 3rd year 4th year Preferred dividend 28980 57420 43200 43200 Preferred dividend per share 1.61 3.19 2.40 2.40 Common stock dividend 10000 57480 111600 Common stock dividend per share 0.17 5.75 11.16 Total dividend 28980 67420 100680 154800

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