The shareholders’ equity of MLS Enterprises includes $200 million of no par common stock and $400 million of 6% cumulative preferred stock. The board of directors of MLS declared cash dividends of $50 million in 2021 after paying $20 million cash dividends in both 2020 and 2019.
 
What is the amount of dividends common shareholders will receive in 2021?

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Par Value Preferred Stock Annual Preferred Dividend Dividend Rate (%) Annual Preferred Dividend: Total Cash Dividend Paid Dividends in Arrears Paid to Preferred Paid to Common at year-end 2019 2020 2021 Total %24 Par Value Preferred Stock Annual Preferred Dividend Dividend Rate (%) Annual Preferred Dividend: Total Cash Dividend Paid Dividends in Arrears Paid to Preferred Paid to Common at year-end 2019 2020 2021 Total %24

Answer rating: 100% (QA)

solution Annual preferred dividend400 million624 million In 2019 total cash dividend paid 20 million ... View the full answer