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Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six - year
Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a sixyear period: Year $; Year $; Year $; Year $; Year $; and Year $ During the entire period ending December of each year, the outstanding stock of the company was composed of shares of cumulative, preferred stock, $ par, and shares of common stock, $ par.
Required:
Determine the total dividends and the pershare dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter
Preferred Dividends Common Dividends
Year Total
Dividends
Total
Per Share
Total
Per Share
Year $ $fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
Year fill in the blank
fill in the blank
fill in the blank
fill in the blank
Year fill in the blank
fill in the blank
fill in the blank
fill in the blank
Year fill in the blank
fill in the blank
fill in the blank
fill in the blank
Year fill in the blank
fill in the blank
fill in the blank
fill in the blank
Year fill in the blank
fill in the blank
fill in the blank
fill in the blank
$fill in the blank
$fill in the blank
Determine the average annual dividend per share for each class of stock for the sixyear period. If required, round your answers to two decimal places.
Average annual dividend for preferred $fill in the blank
per share
Average annual dividend for common $fill in the blank
per share
Assuming a market price per share of $ for the preferred stock and $ for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock.
Round your answers to two decimal places.
Preferred stock fill in the blank
Common stock fill in the blank
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