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Snowman Company has 80,000 shares of $6 par, 5%, cumulative preferred stock outstanding and 150,000 shares of $1 par common stock issued and 30,000
Snowman Company has 80,000 shares of $6 par, 5%, cumulative preferred stock outstanding and 150,000 shares of $1 par common stock issued and 30,000 shares of treasury stock. Dividends were paid in full through 2019. In 2020 Snowman Company paid $20,000 of total dividends and in 2021 Snowman Company paid $10,000 in total dividends. Total dividends declared in 2022 were $150,000. What is the dividend per share that common stockholders will receive in 2022 (round to two decimals)? O$0.82 O $1.05 O $0.90 O $0.65 O None of the above.
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