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Determine the dividends per share and the total dividends

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Reference no: EM13525297

The Rago Corporation had the following stock outstanding from 2009 through 2012:

Preferred stock: $100 par value, 8 percent cumulative, 5,000 shares authorized, issued, and outstanding

Common stock: $10 par value, 100,000 shares authorized, issued, and outstanding

The company paid $30,000, $30,000, $94,000, and $130,000 in dividends during 2009, 2010, 2011, and 2012, respectively. The market price per common share was $7.25 and $8.00 per share at the end of years 2011 and 2012, respectively.

Determine the dividends per share and the total dividends paid to common stockholders and preferred stockholders in the years 2009, 2010, 2011, and 2012.

Perform the same computations, with the assumption that the preferred stock was noncumulative. If an amount is zero, enter "0". Round per share amounts to two decimal places

Reference no: EM13525297

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