Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 par and 100,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $58,000; third year, $75,000; fourth year, $124,000. Determine the dividends per share on each class of stock for each of the four years. Round your answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Common stock (dividends per share) fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 How do i find the Preferred stock (dividends per share) and Common stock (dividends per share).
Dividends Per Share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 par and 100,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $58,000; third year, $75,000; fourth year, $124,000.
Determine the dividends per share on each class of stock for each of the four years. Round your answers to two decimal places. If no dividends are paid in a given year, enter "0".
| 1st Year | 2nd Year | 3rd Year | 4th Year | |
| Preferred stock (dividends per share) | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 |
| Common stock (dividends per share) | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 |
Dividend means the amount given to shareholder of the company as profit distribution by company.
First , dividend is given to preference stock holder at specified percentage and then rest dividend is given to common stock holder.
If the preference share are cumulative , then unpaid dividend of last year will be given in next year and if the preference share are not cumulative , then unpaid dividend of last year will not be given in next years.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
