Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $72,000; third year, $100,000; fourth year, $110,000.
Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00"
1st-year 2nd year 3rd year 4th year
Total dividend declared $34,000 $72,000 $100,000 $110,000
Preferred stock (dividends per share) $0.49
Common Stock (dividends per share) 0