7.16 Penge and Purley plc have in issue at 31 December 20X6:

138,000 ordinary shares of 50p each 40,000 8% preference shares of £1 each, issued on 1 July 20X6.

Derek owns 3,250 ordinary shares in the company which he bought several years ago, and 1,000 of the £1 preference shares which he bought on 1 July 20X6 when they were issued. An interim dividend of 2.7p per ordinary share was paid, and a final dividend of 3.7p per ordinary share was also paid, as was the preference dividend for the six months ended 31 December 20X6.

What was Derek’s total dividend from the company for the year ended 31 December 20X6?

a) £184

b) £288

c) £144

d) £248