If Hoffman declared $20,000 in dividends in 2015 how much would the preferred shareholders receive if the preferred stock is cumulative? hint: Notice this is year 2015 or year 2. The DIArrears from 2014 would be paid first, then the current amount for 2015. Remainder of 4616 would go to the common stockholders. If Hoffman declared $20,000 in dividends in 2015 how much would the preferred shareholders receive if the preferred stock is cumulative? hint: Notice this is year 2015 or year 2. The DIArrears from 2014 would be paid first, then the current amount for 2015. Remainder of 4616 would go to the common stockholders