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 distribution of dividends on each class of share and calculate the dividends per share paid in 2015 to each class of share.

Fantastic news! We've Found the answer you've been seeking!