Janus Associates, Inc. has 325,000 shares of $100 par value, 6% cumulative preferred stock and 3,500,000 shares of common stock. Although no dividend was declared last year, a $5,750,000 dividend has been declared this year.
A)What are the dividends due the preferred shareholders?
B)What is the dividend per share of common stock?

Question

Quizplus · Accepted Answer

The Answer of Janus Associates, Inc. has 325,000 shares of $100 par value, 6% cumulative preferred stock and 3,500,000 shares of common stock. Although no dividend was declared last year, a $5,750,000 dividend has been declared this year.