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Snowman Company has 70,000 shares of $10 par, 7%, cumulative peeferred stock outstancing and 125,000 shares of $0.50 par common stock issued and 30,000 thares

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Snowman Company has 70,000 shares of $10 par, 7%, cumulative peeferred stock outstancing and 125,000 shares of $0.50 par common stock issued and 30,000 thares of treawury stock Dividends were paid in full through 2017. In 2018 Snowmun Company pald 520.000 of toeal dividends and in 2019 Snowman Company paid $50,000 in total dividends. Total Cividends declared in 2020 were $150.000. What is the dividend per share that common stockholders wal receive in 2020 (round to two decimals)? $1.06$0.81$0.58$0.77 None of the above

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