Calculate the cash dividends required to be paid for each of the following preferred stock issues Required a The semiannual dividend on 9 cumulative preferred, $50 par value, 30,000 shares authorized, issued, and outstanding b The annual dividend on $6 20 cumulative preferred 500,000 shares authori...

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

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 9% cumulative preferred, $50 par value, 30,000 shares authorized, issued, and outstanding.
b. The annual on $6.20 cumulative preferred. 500,000 shares authorized. 160.000 shares issued 127,400 shares outstanding. Last year's has not been paid.
c. The quarterly on 6.5% cumulative preferred. $100 stated value. $103 liquidating value. 200,000 shares authorized. 168,000 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...