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What is the dividend per share

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Question - Snowman Company has 80,000 shares of $6 par, 5%, cumulative preferred stock outstanding and 150,000 shares of $1 par common stock issued and 30,000 shares of treasury stock. Dividends were paid in full through 2019. In 2020 Snowman Company paid $20,000 of total dividends and in 2021 Snowman Company paid $10,000 in total dividends. Total dividends declared in 2022 were $150,000. What is the dividend per share that common stockholders will receive in 2022 (round to two decimals)?

Reference no: EM133156872

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