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Organic​ Produce, Inc. has shares of common stock outstanding and shares of preferred stock outstanding. The common stock is par​ value; the preferred stock is ​% noncumulative with a par value. On October​ 15, 2019, the company declares a total dividend payment of . How much dividend will be paid to the preferred​ stockholders?

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jepessoa

Answer:

Some information is missing, so I looked it up.

  • total common stocks outstanding = 49,000
  • par value = $0.08 per stock
  • total preferred stock = 4,000
  • preferred stock par value = $100
  • preferred dividends = 9%
  • total dividends = $45,000

preferred stockholders will receive 4,000 x $100 x 9% = $36,000 in dividends, which means that they will receive $9 per preferred stock

common stockholders will receive $9,000 / 49,000 = $0.1837 per common stock

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