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PLEASE HELP The Brick Corporation pays its cumulative preferred stockholders $1.95 per share. There are 40,000 shares of preferred stock and 80,000 shares of common stock. In 2001, 2002, and 2003, Brick Corporation did not declare a dividend. In 2004, the Board of Directors declared a $600,000.00 dividend. What is the amount that the common shareholder will receive per share?

Respuesta :

wegnerkolmp2741o

Answer:

$5.00

Step-by-step explanation:

Dividend Per Share = Total Dividends Paid / Shares Outstanding

How many shares outstanding?

Preferred stock + common stock

80,000+40000=120000


Dividend Per Share =  $600,000.00 /120000

                                    =$5.00

The preferred shareholder gets 1.95 per share plus dividends.

The common shareholder only gets dividends.


netlarue98

Answer:

$3.60

Step-by-step explanation:

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