Airborne Manufacturing, co completed the following transactions during 2009 Jan 16 declared a cash dividend on the 4%, $102 par preferred stock Declared a $0.55 per share dividend on the 95,000 shares of common stock outstanding. The date of record is Jan 31 and the payment due date is Feb 15
Feb 15 Paid the cash dividends.Jun 10 Split common stock 2 for 1. Before the split Airborne had 95,000 shares of $10 par common stock outstanding.
- Jul 30 Distributed a 25% stock dividend on the common stock. The market value of the common stock was $10 per share.
- Oct 26 Purchased 3000 shares of treasury stock at $15 per share
- Nov 8 Sold 1,500 shares of treasury stock for $20 per share
- Nov 30 Sold 1,500 shares to treasury stock for $9 per share