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Assume that Sandhill has $10,010,000 available for dividend payments in 2024 . What will be the total dividend paid to each of the preferred and
Assume that Sandhill has $10,010,000 available for dividend payments in 2024 . What will be the total dividend paid to each of the preferred and Class A and B common shareholders as a class and on a per-share basis? (Round pro-rata allocation rate to 5 decimal places, e.g. 12.35764\%. Round dividend per share to 2 decimal places, e.g. 15.25 and total dividend paid answers to 0 decimal places, e.g. 52,016.) eTextbook and Media Attempts: 1 of 2 used (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Sandhill Corporation began operations in 2022 with the following capital structure: 1. Common shares, Class A: 7,940,000 authorized and outstanding. The Class A common shares are entitled to 10 votes per share and to receive dividends as declared by the board of directors. Total share capital for the Class A common shares at the end of the year was $15.88 million. 2. Common shares, Class B: unlimited authorized; 1,010,000 issued and outstanding. Class B shares are entitled to one vote per share. The Class B shares receive dividends as declared by the board of directors equal to Class A shares. Total share capital for the Class B shares at the end of the year is $35.35 million. 3. Preferred shares: unlimited authorized; 3,420,000 issued and outstanding. The cumulative participating preferred shares are non-voting and received a preferential dividend of $0.16 per share per year. Total share capital for the preferred shares as at the end of the year was $17.10 million
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