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Mathematics, 16.03.2020 23:45 staciagirl6672

Hometown Grocery, Inc. has 50 comma 000 shares of common stock outstanding and 4 comma 000 shares of preferred stock outstanding. The common stock is $ 4.00 par value; the preferred stock is 9% noncumulative with a $ 100.00 par value. On October 15, 2018, the company declares a total dividend payment of $ 54 comma 000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)

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