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Russell Hobbs Ltd has the following information on its financial statement: Preferred Stock 6%, $100 par, cumulative, 10,000 shares authorized $ 450, 000 Common stock,

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Russell Hobbs Ltd has the following information on its financial statement: Preferred Stock 6%, $100 par, cumulative, 10,000 shares authorized $ 450, 000 Common stock, $3 par, 500,000 shares authorized, 250,000 issued 750, 000 If Russell Hobbs Ltd paid a total of $63,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in acrears) If Russell Hobbs Ltd did not pay a dividend for the last three years, but declared a dividend this year, how much will they have to declare in order for the common stockholders to receive $0.5 per share

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