Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative...

 

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Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $ Year 2 Year 3 Year 4 Year 5 $ 25,000 $ 85,000 $ 110,000 $ 130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. Year 1 234 5 Total Total Dividends $ Average annual dividend - - SUMMARY OF DIVIDENDS $ Preferred Dividends Total Per Share $ $ $ - - $ Common Dividends Total Per Share $ $ Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $ Year 2 Year 3 Year 4 Year 5 $ 25,000 $ 85,000 $ 110,000 $ 130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. Year 1 234 5 Total Total Dividends $ Average annual dividend - - SUMMARY OF DIVIDENDS $ Preferred Dividends Total Per Share $ $ $ - - $ Common Dividends Total Per Share $ $

Answer rating: 100% (QA)

Step 1 Dividends are payments made to shareholders in exchange for their ownership of stock in a fir... View the full answer