Find dividends paid to common stockholders

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Reference no: EM131821624

Use the following information to find dividends paid to common stockholders during 2015. (Input all amounts as positive values. Enter your answers in millions.)

2015 Balance of retained earnings, December 31, 2014: 480 m

Plus: Net income for 2015: 60 m

Less: Cash dividends paid

Preferred stock: 2 m

Common stock = ? millions

Total cash dividends paid = millions

Balance of retained earnings, December 31, 2015: 528 m

Reference no: EM131821624

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