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The amount of dividends received by the common stockholders in 2021 is $60,000.
What is stock?
Stock, also known as equities, is a type of financial security that represents ownership in a publicly traded company. It is one of the most popular ways to invest in the financial markets and provides investors with the potential to gain a share of a company’s profits, receive dividends, and even benefit from capital appreciation. Purchasing stocks allows investors to become part-owners of a company and gives them the right to vote on important corporate matters and receive a portion of the company’s profits. When the stock price increases, the investor’s investment also increases in value. Conversely, when a stock’s price decreases, the investor’s investment decreases in value as well.
This is because the cumulative preferred stock has priority when it comes to dividends, so they get 4% of the $100 par value, which is $4,000 per share.
Thus, the total dividend paid to the preferred stockholders is $60,000 (15,000 shares x $4,000 per share).
The remaining dividend of $50,000 (110,000 - 60,000) is then paid to the common stockholders, which is $0.83 per share (50,000 / 60,000).
Thus, the total dividends received by the common stockholders in 2021 is $60,000 (60,000 shares x $0.83 per share).
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