East Coast Pool and Spa Ltd., a retailer of pools and spas, had 24,000 $2.50 preferred shares

Question:

East Coast Pool and Spa Ltd., a retailer of pools and spas, had 24,000 $2.50 preferred shares and 100,000 common shares. During 2015, the company declared $110,000 in dividends.
Determine the of dividends on each class of share and calculate the dividends per share paid in 2015 to each class of share.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...