Topper Corporation has 60,000 $1 par value common share and 16,000 cumulative $7 preferred share outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.95 per share dividend this year, what will be the total amount they must pay their shareholders?

Answer rating: 100% (QA)

Given Topper Corporation has 60000 1 par value common sh... View the full answer