Zeela Limited has 100 000 £1 ordinary shares, and £50 000 in 10% preference shares.During its financial year ended 31 March 20X7 the company paid its preference dividend and an ordinary dividend of £2300.What was the company's dividend per ordinary share for the year ended 31 March 20X7?

Question

Quizplus · Accepted Answer

Total dividend paid = preference dividend + ordinary dividend
£2300 = preference dividend + (dividend per ordinary share x number of ordinary shares)
£2300 = £5000 + (£x x 100000)
£x = 2.3p

Zeela Limited Has 100 000 £1 Ordinary Shares, and £50