Dividends per share
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1
$33,800
20Y2
9,000
20Y3
67,500
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Preferred Stock
(dividends per share)
Common Stock
(dividends per share)
20Y1
1.5
0.23
20Y2
0.60
0
20Y3
4.50
0.93