Determine common stock dividend per share: Stockholder equity: 7 1/2% cumulative preferred stock, $100 par value 100,000 share authorized $2, 600,000 Common stock $2 par value, 900,000 shares authorized 900,000 Additional paid in caital: common stock 8,700,000 Retained earnings 2,595,000 Total stockholders equity 14,795,000 Assume that retained earnings at the beginning of the year amounted to $717, 500 and the net income for the year was $3,970,000. What was the dividend declared during the year on each of the common stock? Number of issued shares of preferred stock 26000 Annual preferred stock dividend 195,000 Number of oustanding shares of common stock 450000 Average issuance price of common stock 21.33 per share legal capital $3,500,000 Paid in capital $ 12,200,000 Book value of common stock $27.10 Common stock dividend per share ???????
Determine common stock dividend per share:
7 1/2% cumulative
Common stock $2 par value, 900,000 shares authorized 900,000
Additional paid in caital: common stock 8,700,000
Total stockholders equity 14,795,000
Assume that retained earnings at the beginning of the year amounted to $717, 500 and the net income for the year was $3,970,000. What was the dividend declared during the year on each of the common stock?
Number of issued shares of preferred stock 26000
Annual preferred stock dividend 195,000
Number of oustanding shares of common stock 450000
Average issuance price of common stock 21.33 per share
legal capital $3,500,000
Paid in capital $ 12,200,000
Book value of common stock $27.10
Common stock dividend per share ???????
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