Western Limited has just paid a preferred dividend of $0.50 per preferred stock and a common dividend of $0.40 per common stock. After observing the dividends paid by the company, Frank made the following comment: The preferred shareholders of this company have just received a higher dividend compared to the common shareholders. Furthermore, preferred dividends have priority over common dividends in the payment of dividends. I will be better off buying preferred shares than common shares of this company Discuss about the above comment made by Frank?