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In 2018, when Noah Corporation was organized, it immediately issued 790 shares of $8 par, 7 percent, noncumulative preferred stock and 1,563 shares of $2
In 2018, when Noah Corporation was organized, it immediately issued 790 shares of $8 par, 7 percent, noncumulative preferred stock and 1,563 shares of $2 par common stock. It is now 2020 and the company is declaring its 1st dividend. No dividends were declared in 2018 or 2019.
Assume that the board of directors declares a $5,800 cash dividend at the end of 2020. How much of the dividend will go to the common stockholders? $______
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