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Dividend Per Share Castillo Nutrition Company has 14,000 shares of cumulative preferred 1% stock, $130 par, and 70,000 shares of $5 par common stock. The
Dividend Per Share Castillo Nutrition Company has 14,000 shares of cumulative preferred 1% stock, $130 par, and 70,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $35,000 Year 2 6,300 Year 3 80,500 Determine the dividend per share for preferred and common stock for each year. If an amount box does not require an entry, leave it blank. Round all answers to t decimal places. Year 1 Year 2 Year 3 $ $ $ Preferred stock (Dividend per share) 2.50 X 0.45 0.95 x $ $ $ Common stock (Dividend per share) 3.90 x 0.96 X 0.96 X Feedback Check My Work Determine the amount of current dividends that preferred stock should receive per year. Keep in mind that the question is asking for dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock
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