Topper corporation has 55000 shares of 1 par value common

Reference no: EM13584117

Topper Corporation has 55,000 shares of $1 par value common stock and 32,000 shares of cumulative 5.6%, $100 par preferred stock outstanding. Topper has not paid a dividend for the prior year. If Topper declares a $1.20 per share dividend this year, what will be the total amount they must pay their shareholders?

Reference no: EM13584117

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