Dividends per share for preferred and common stock

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Reference no: EM131812036

Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

Year 1	$60,000
Year 2	12,000
Year 3	90,000

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 (dividend per share)	Common Stock (dividend per share)
Year 1	$	$
Year 2	$	$
Year 3	$	$

Reference no: EM131812036

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