On January 1, 2016 Vera Co. had 100,000 shares of $5 par common stock outstanding. The following transactions took place during 2016. Vera declared and issued a 20% stock dividend on March 15. On July 1, Vera purchased 10,000 shares of its common stock. On October 1, Vera issued 14,000 shares for cash.
(a) What is the total number of shares outstanding as of Dec. 31.
(b) What is the weighted-average number of shares outstanding as of Dec. 31?
(c) On Dec 31 2016 Vera Co had a Net Income of $350,000 and declared preferred dividends of $85,000. Calculate the Earnings Per share for 2016.
As of January 2016, Vera Co has 6% Preferred stock, $100 par value 10,000 shares issued and outstanding; Common stock, $5 par value, 100,000 shares issued and outstanding.
The following dividends were declared and paid in 2016, 2017 and 2018 2015 No dividends were declared and paid
2016............................$15,000
2017............................$40,000
2018..........................$110,000
Declared
d) Calculate Dividend per Share for each year.