Colliers inc has 100000 shares of cumulative preferred

Reference no: EM13592744

Colliers, Inc., has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amount of $2 per share but because of cash flow problems, the company did not pay any dividends last year. The board of directors plans to pay dividends in the amount of $600,000 this year.

Reference no: EM13592744

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