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Saved Help The shareholders' equity of Nick Co Includes the items shown below. The board of directors of Nick declared cash dividends of $36 million,
Saved Help The shareholders' equity of Nick Co Includes the items shown below. The board of directors of Nick declared cash dividends of $36 million, 5150 million and $48.0 million in each of its first 3 years of operation 2019, 2020, and 2021, respectively Common stock, S1 par, 50.000.000 shares outstanding Preferred stock, 6%, 5100 par 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is noncumulative and nonparticipating (Enter your answers in millions rounded to 2 decimal places.) Year Preferred Common 2019 $ 3.60 $ 0.00 2020 $ 6005 6.00 2021 $ 600
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