Slater Lamp Manufacturing has an outstanding issue of preferred stock
Question: Slater Lamp Manufacturing has an outstanding issue…
Slater Lamp Manufacturing has an outstanding issue of preferred stock with a par value of $80 and a 10% annual dividend.
- What is the annual dollar dividend? If it is paid quarterly, how much will be paid each quarter?
- If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 2 quarters, how much must be paid to prefer stockholders in the current quarter before dividends are paid to common stockholders?
- If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last 2 quarters, how much must be paid to prefer stockholders in the current quarter before dividends are paid to common stockholders?
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- The annual dollar dividend is _________Round to the nearest cent.)
If it is paid quarterly, the amount paid each quarter will be__________ (Round to the nearest cent.)
- If the preferred stock is noncumulative and the board of directors has passed the preferred dividend for the last 2 quarters, the amount that must be paid to preferred stockholders in the current quarter before dividends are paid to common stockholders is_______________ (Round to the nearest cent.)
- If the preferred stock is cumulative and the board of directors has passed the preferred dividend for the last
2 quarters, the amount that must be paid to preferred stockholders in the current quarter before dividends are paid to common stockholders is________ (Round to the nearest cent.)