PEFERED SHARES: 1980 SHARESAUTHORIZZED SHARES: 12550 SHARESUNISSUED SHARES: 2500 SHARESTOTAL DIVDEND FOR THE YEAR: Php 6,500,250TOTAL DIVIEND FOR PREFFERED SHARES IS 25% OT THE TOTAL DIVIDENDS FOR THE YEARHOW MUCH IS THE TOTAL DIVIDEND FOR THE 1980 SHARES?
Question
PEFERED SHARES: 1980 SHARESAUTHORIZZED SHARES: 12550 SHARESUNISSUED SHARES: 2500 SHARESTOTAL DIVDEND FOR THE YEAR: Php 6,500,250TOTAL DIVIEND FOR PREFFERED SHARES IS 25% OT THE TOTAL DIVIDENDS FOR THE YEARHOW MUCH IS THE TOTAL DIVIDEND FOR THE 1980 SHARES?
Solution
The total dividend for preferred shares is 25% of the total dividends for the year.
So, first, we need to calculate the 25% of the total dividends for the year:
25/100 * Php 6,500,250 = Php 1,625,062.5
This is the total dividend for all preferred shares.
Since there are 1980 preferred shares, we then divide the total dividend for preferred shares by the number of preferred shares to find the dividend per share:
Php 1,625,062.5 / 1980 shares = Php 820.43 per share
So, the total dividend for the 1980 shares is Php 820.43 per share.
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