8.01C PROBLEMS: COMBINED PREFERRED AND COMMON STOCK DIVIDENDS 1. A corporation has 500,000 shares of a 60, $50 par value, preferred stock and 2,000,000 shares of a $.10 par value common stock outstanding. No dividends were in arrears as of the beginning of the current operating year. In the current year, the corporation declared and paid a total dividend of $5,000,000 to the preferred and common shares combined. Compute or identify the dividend per share and total dividend paid to each class of stock and the total dividend payout. Summarize using the following format. (10) Per Share Total Shares Preferred Common Total Dividends 2. A corporation has 400,000 shares of a 5%, $25 par value, preferred stock and 5,000,000 shares of a no par value (NPV) common stock outstanding. No dividends were in arrears as of the beginning of the current operating year. In the current year, the board of directors declared and paid the regular dividend per share on the preferred stock and a regular quarterly dividend on the common of $.40 per share during the past operating year. Compute or identify the dividend per share and total dividends paid to each class of stock and the total dividend payout. Summarize using the following format. (10) Per Total Shares Share Preferred Common Total Dividends 3. A corporation has 800,000 shares of a 59, $ 60 par value cumulative preferred stock and 4,000,000 shares of a no par value (NPV) common stock outstanding. The company had accumulated total arrears of $3,000,000 on the preferred stock as of the beginning of the current operating year. In the current year the company declared and paid a total dividend of $12,000,000 that included the total preferred arrears, the total regular annual preferred dividend and a regular common stock dividend. Compate the total and per share dividend received by each class of stock for the year. Summarize using the following format. (10) Per Share Total Shares Preferred Common Total Div 4. A corporation has 1,000,000 shares of a 64, $20 par value cumulative preferred stock and 6,000,000 shares of a $.01 par value common stock outstanding. The company had accumulated total arrears of $1,800,000 on the preferred stock as of the beginning of the current operating year. In the current year, the company declared and paid the total preferred arrears, the total regular annual preferred dividend and resumed payment of a regular quarterly common stock dividend of $.25 per share. Compute or identify the dividend per share and total dividend payout for each class of stock for the year. Compute the total dividend payout by the company. Summarize using the following format. (10) Per Share Total Shares Preferred Common Total Div
