Preferred stock calculate dividend amounts Calculate the cash dividends required to be paid for each of the following preferred stock issues Required a The semiannual dividend on 7 cumulative preferred, $50 par value, 40,000 shares authorized, issued, and outstanding b The annual dividend on $4 20 ...

a Annual dividend Dividend rate par value number o ...

Preferred stock-calculate dividend amounts. Calculate the cash dividends required to be paid for each of the following

Question:

Preferred stock-calculate amounts. Calculate the cash dividends required to be paid for each of the following preferred stock issues:

Required:
a. The semiannual on 7% cumulative preferred, $50 par value, 40,000 shares authorized, issued, and outstanding.
b. The annual on $4.20 cumulative preferred, 500,000 shares authorized, 160,000 shares issued, 137,400 shares outstanding. Last year's has not been paid.
c. The quarterly on 9.5% cumulative preferred, $100 stated value, $103 liquidating value, 120,000 shares authorized, 108,000 shares issued and outstanding. No dividends are in arrears.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...