On May 1, 2015, Welland Fisheries Inc. declared $235,000 in dividends, to be paid on July 3

Question:

On May 1, 2015, Welland Fisheries Inc. declared $235,000 in dividends, to be paid on July 3 to shareholders of record on June 5. On June 5, 30,000 $4 preferred shares and 46,000 common shares were outstanding.
Determine the of dividends on each class of share and calculate the dividends per share paid in 2015 to each class of share.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...