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Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $140
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $140 par, and 62,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,200; second year, $121,800; third year, $159,140; fourth year, $199,240. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year 2nd Year 3rd Year 2.81 $ 4.38 X $ 4th Year
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