Wither Limited has an issued share capital of £4,000,000 made up of 2,000,000 preference shares of £1 each and £2,000,000 of ordinary share capital. The ordinary shares have a par value of 50 pence each. The dividend rate on the preference shares is 4%. During the financial year ended 31 December 2019, Wither Limited paid total dividends of £300,000. What is the dividend per ordinary share in the year ended 31 December 2019?

Question

Quizplus · Accepted Answer

The Answer of Wither Limited has an issued share capital of £4,000,000 made up of 2,000,000 preference shares of £1 each and £2,000,000 of ordinary share capital. The ordinary shares have a par value of 50 pence each. The dividend rate on the preference shares is 4%. During the financial year ended 31 December 2019, Wither Limited paid total dividends of £300,000. What is the dividend per ordinary share in the year ended 31 December 2019?

Wither Limited Has an Issued Share Capital of £4,000,000 Made