MacGill Inc. paid out cash dividends at the end of each year as follows:

Year		Dividends
2018		$630,000
2019		$577,000
2020		$715,000

Assume that MacGill had issued 109,000 common shares and 26,000, 9%, non-cumulative preferred shares with a share capital of $1,560,000. How much cash would be paid out in 2018, 2019, and 2020 as dividends to each class of shares?

Year		Preferred		Common		Total
2018		$		$		$
2019		$		$		$
2020		$		$		$

Assume that MacGill had issued 54,000 common shares with share capital of $5,940,000, and 21,000, 8% cumulative, preferred shares that were two years in arrears as at January 1, 2018, with a share capital of $2,625,000. How much cash would be paid out in 2018, 2019, and 2020 as dividends to each class of shares?

Year		Preferred		Common		Total
2018		$		$		$
2019		$		$		$
2020		$		$		$

Answer rating: 100% (QA)

1 Preferred dividend is the 9 of total preferred share capital and the balance will be given t... View the full answer