At the start of 2013, Shasta Corporation has 15,000 outstanding shares of preferred stock, each with a $60 par value and a cumulative 7% annual dividend. The company also has 28,000 shares of common stock outstanding with par value of $37.50 per share. At the beginning of 2017, the company has a 3-for-2 common stock split. The company pays total cash dividends as follows.
Calculate the dividends paid to each category of stockholders, in total and per share.

Question

At the start of 2013, Shasta Corporation has 15,000 outstanding shares of preferred stock, each with a $60 par value and a cumulative 7% annual dividend. The company also has 28,000 shares of common stock outstanding with par value of $37.50 per share. At the beginning of 2017, the company has a 3-for-2 common stock split. The company pays total cash dividends as follows.
  Calculate the dividends paid to each category of stockholders, in total and per share.

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The Answer of At the start of 2013, Shasta Corporation has 15,000 outstanding shares of preferred stock, each with a $60 par value and a cumulative 7% annual dividend. The company also has 28,000 shares of common stock outstanding with par value of $37.50 per share. At the beginning of 2017, the company has a 3-for-2 common stock split. The company pays total cash dividends as follows.
  Calculate the dividends paid to each category of stockholders, in total and per share.

At the Start of 2013, Shasta Corporation Has 15,000 Outstanding