Preferred stock cash dividends are based on the par value

Reference no: EM13596772

Preferred Stock cash dividends are based on the Par Value and the stated percentage. In this case, each preferred share has a $10 par and a 5% dividend equals $0.50 per share per year. Please record this year's preferred dividend paid on Oct. 30 (the entire dividend is paid once per year).

Reference no: EM13596772

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