How large a per-share ordinary dividend will it be able

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Reference no: EM132075046

Answer the following question

Figurate Industries has 750 000 of cumulative preference shares issued. The firm has passed (missed) the last three quarterly dividends of R2.50 per share and now (at the end of the current quarter) wishes to distribute a total of R12 million to its shareholders.

If Figurate has 3 million ordinary shares in issue, how large a per-share ordinary dividend will it be able to pay?

Reference no: EM132075046

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