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Calculate the dividends per share on each class of stock

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Dividends Per Share

Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $20 par, and 19,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,250; second year, $3,750; third year, $26,060; fourth year, $53,880.

Question 1: Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

1st Year

Preferred stock (dividend per share) $___

Common stock (dividend per share) $0

2nd Year

Preferred stock (dividend per share) $___

Common stock (dividend per share) $0

3rd Year

Preferred stock (dividend per share) $___

Common stock (dividend per share) $___

4th Year

Preferred stock (dividend per share) $___

Common stock (dividend per share) $2.52

Reference no: EM132483551

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