Question
Weaver Corporation had the following stock issued and outstanding at January 1, 2018: 150,000 shares of $1 par common stock. 15,000 shares of $100 par,
Weaver Corporation had the following stock issued and outstanding at January 1, 2018:
150,000 shares of $1 par common stock.
15,000 shares of $100 par, 6 percent, noncumulative preferred stock.
On June 10, Weaver Corporation declared the annual cash dividend on its 15,000 shares of preferred stock and a $0.50 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20.
Required:
Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders.
Total Dividend | ANSWER ? |
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