Question
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: (a) The semiannual dividend on 8% cumulative preferred,
Calculate the cash dividends required to be paid for each of the following preferred stock issues: |
Required: |
(a) | The semiannual dividend on 8% cumulative preferred, $61 par value, 7,900 shares authorized, issued, and outstanding. (Omit the "$" sign in your response.) |
Semi-annual dividend | $ |
(b) | The annual dividend on $3.25 cumulative preferred, 70,000 shares authorized, 42,000 shares issued, 37,100 shares outstanding. Last year's dividend has not been paid. (Omit the "$" sign in your response.) |
Cumulative dividend | $ |
(c) | The quarterly dividend on 14.0% cumulative preferred, $70 stated value, $110 liquidating value, 60,000 shares authorized, 52,000 shares issued and outstanding. No dividends are in arrears. (Omit the "$" sign in your response.) |
Quarterly dividend | $ |
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