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Cantaloupe Corporation has 19,000 shares of 11%, $70 par cumulative preferred stock outstanding and 35,000 shares of no-par common stock outstanding. Preferred dividends of
Cantaloupe Corporation has 19,000 shares of 11%, $70 par cumulative preferred stock outstanding and 35,000 shares of no-par common stock outstanding. Preferred dividends of $29,000 are in arrears. At the end of the current year, the corporation declares a dividend of $206,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $7.00 for preferred stock and $6.23 per share for common stock. The dividend per share is $10.84 for preferred stock and $0.88 per share for common stock. The dividend per share is $9.23 for preferred stock and $0.88 per share for common stock. The dividend per share is $10.84 for preferred stock and $0 per share for common stock.
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