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WOW Corporation has the following shares issued and outstanding in December 2020: Common stock, $ 2 par, 100,000 shares issued and outstanding Cumulative Preferred stock,
WOW Corporation has the following shares issued and outstanding in December 2020:
Common stock, $ 2 par, 100,000 shares issued and outstanding
Cumulative Preferred stock, $ 100 par, 5%, 10,000 shares issued and outstanding.
All shares were issued and outstanding since 1/1/2018.
In the year 2018, WOW declared and paid $ 30,000 as cash dividends. In the year 2019, no dividends were declared. In December 2020, the Company declared $ 220,000 as cash dividends.
Required: How much dividends will common shareholders get?
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