Question - For several years, Brady company has had $150 million of no par common stock and $300 million of 4% cumulative preferred stock outstanding. Brady Company's Board of Directors declared $47 million in cash dividends in 2016. In 2014 and again in 2015, Brady Company declared and paid a total of $4 million in cash dividends each year.
How much money will the Common shareholders receive (in total) in cash dividends in 2016?