Dividends Per Share

Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:

20Y1	$225,000
20Y2	45,000
20Y3	337,500

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

Dividends Per Share Sandpiper Company has 25,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: 20Y1 $225,000 20Y2 45,000 20Y3 337,500 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'O'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 4.5 2.25 20Y2 1.8 0 20Y3 2.7 x 5.4 X Feedback Check My Work Determine what amount of current dividends that preferred stock should receive per year. Keep in mind that the question is asking for a dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock