Dividends per share The Ted Williams Corporation has the following stock outstanding: 100,000 shares of cumulative preferred 5% stock with a $12 par value 300,000 shares of common stock with a $1 par value During the first five years of operations the company paid the following cash dividends: Year 1 $- Year 2 $25,000 Year 3 $85,000 Year 4 $110,000 Year 5 $130,000 Required: 1. Determine the dividend payouts to each class of stock for the five years. SUMMARY OF DIVIDENDS Total Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share 1 $- $- $- $- $- 2 - - - - - 3 - - - - - 4 - - - - - 5 - - - - - Total $- $- Average annual dividend

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Dividends per share

The Ted Williams Corporation has the following stock outstanding:
100,000 shares of cumulative preferred 5% stock with a $12 par value
300,000 shares of common stock with a $1 par value

During the first five years of operations the company paid the following cash dividends:

Year 1	$-
Year 2	$25,000
Year 3	$85,000
Year 4	$110,000
Year 5	$130,000

Required:
1. Determine the dividend payouts to each class of stock for the five years.


SUMMARY OF DIVIDENDS

		Total	Preferred Dividends	Common Dividends
	Year	Dividends	Total	Per Share	Total	Per Share
	1	$-	$-	$-	$-	$-
	2	-	-	-	-	-
	3	-	-	-	-	-
	4	-	-	-	-	-
	5	-	-	-	-	-
	Total			$-		$-

	Average annual dividend			$-		$-

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