Directions: Based on the information given, compute yearly total dividends as well as dividends per share paid to common and preferred stockholders. There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,500 shares of common stock outstanding. The common stock cash dividend is 8.50
per share, and total dividends of $50,000 are distributed. Remaining dividends are shared equally between common and preferred stockholders. Round your answers to two decimal
places, if necessary.
What is a common share amount and the preferred per share amount?