Penge and Purley plc have in issue at 31 December 20X8: B 138 000 ordinary shares of

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Penge and Purley plc have in issue at 31 December 20X8:

B® 138 000 ordinary shares of 50p each

@ 40 000 8% preference shares of £1 each, issued on 1 July 20X8.

Derek owns 3250 ordinary shares in the company, and 1000 of the £1 preference shares. An interim dividend of 2.7p per ordinary share was declared and paid, and a final dividend of 3.7p per ordinary share was proposed. The preference dividend was also paid. What is Derek's total dividend from the company for the year ending 31 December 20X8?

a) £184

b) £288

c) £144

d) £248.

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