The semiannual dividend on 8% cumulative preferred, $61 par value, 7,900 shares

Question

The semiannual dividend on 8% cumulative preferred, $61 par value, 7,900 shares authorized, issued, and outstanding. (Omit the "$" sign in your response.)

The annual dividend on $3.25 cumulative preferred, 70,000 shares authorized, 42,000 shares issued, 37,100 shares outstanding. Last year's dividend has not been paid. (Omit the "$" sign in your response.)

The quarterly dividend on 14.0% cumulative preferred, $70 stated value, $110 liquidating value, 60,000 shares authorized, 52,000 shares issued and outstanding. No dividends are in arrears. (Omit the "$" sign in your response.)

Explanation / Answer

a) annual dividend = 8% * 61 * 7900 = 38552

semi annual dividend = 38552/2 = 19276

b) annual dividend = 3.25 * 37100 = 120575

whereas previous year dividend is not paid

cumulative dividend = 120575 * 2 =241150

c) annual dividend = 14% * 70 * 52000 = 509600

quaterly dividend = 509600/4 = 127400

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