Calculate the cash dividends required to be paid for each of the following preferred stock issues Required a The semiannual dividend on 6 cumulative preferred, $50 par value, 30,000 shares authorized, issued, and outstanding b The annual dividend on $3 60 cumulative preferred, 400,000 shares author...

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

Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required:

Question:

Calculate the cash dividends required to be paid for each of the following preferred stock issues:

Required:
a. The semiannual on 6% cumulative preferred, $50 par value, 30,000 shares authorized, issued, and outstanding.
b. The annual on $3.60 cumulative preferred, 400,000 shares authorized, 180,000 shares issued, 148,200 shares outstanding. Last year’s has not been paid.
c. The quarterly on 7.5% cumulative preferred, $100 stated value, $103 liquidating value, 120,000 shares authorized, 112,000 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...