Problem
As of January 2016, Vera Co has 6% Preferred stock, $100 par value 10,000 shares issued and outstanding; Common stock, $5 par value, 100,000 shares issued and outstanding.
The following dividends were declared and paid in 2016, 2017 and 2018 2015 No dividends were declared and paid declared.
· 2016 $15,000
· 2017 $40,000
· 2018 $110,000
a) Calculate Dividend Per Share for each year.