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The shareholders' equity of Yam Enterprises includes $ 5 0 0 million of no - par common stock and $ 2 0 0 million of

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The shareholders' equity of Yam Enterprises includes $500 million of no-par common stock and $200 million of 5% cumulative preferred stock. The board of directors of Yam declared cash dividends of $30 million in 2024 after paying $6 million cash dividends in both 2023 and 2022. What is the amount of dividends common shareholders will receive in 2024?
$8 million
$12 million
$18 million
$20 million
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