Preferred and common shares, Corporate Finance

Suppose cabela has 2 classes of shares. Preferred and common, Cabela has 2000 shares of preferred, 4000 shares of common outstanding shares. The preferred class is 7% cumulative preferred stock , 60$ par. End of 2013 Cabela wants to pay a dividend to both preferred and common shareholders. The companys board of directors has declared funds of 34600 available for dividends. Suppose Cabela pays out All of those declared funds as dividends both to preferred and common shareholders. Present both the total dividends paid to both preferred and common shareholders and the dividends per share paid for each class of shares end of 2013.
Posted Date: 3/31/2013 2:53:12 PM | Location : Canada







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