Macy P.

asked • 06/11/21

Dividends Per Share

Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $140 par, and 43,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,220; second year, $34,180; third year, $51,710; fourth year, $91,300. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. 

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