Company earned net income of $ 110 comma 000 during the year ended December 31, 2018 . On December 15, Whitetea declared the annual cash dividend on its 6 % preferred stock (par value, $ 118 comma 000 ) and a $1.00 per share cash dividend on its common stock left parenthesis 45 comma 000 shares). Whitetea then paid the dividends on January 4, 2019 .