Dividends per share
Triple Z Inc., a developer of radiology equipment, has stock outstanding as follows:
12,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common.
During its first four years of operations, the following amounts were distributed as dividends:
• first year, $27,000;
• second year, $60,000;
• third year, $80,000;
• fourth year, $90,000.
Calculate the dividends per share on each class of stock for each of the four years.