xyz limited, since it was organized in january 2014, has had outstanding 1,500, ten-dollar, nonparticipating, preferred shares, and 15,000 common shares. the corporation declared and paid dividends each year as shown below
I apologize, but I don't have access to specific documents or data. However, I can still explain how to calculate dividends given the information you have provided.
To calculate dividends, you need to know the dividend rate and the number of shares for each type of stock (preferred and common) in the corporation.
In this case, you mentioned there are 1,500 preferred shares and 15,000 common shares. However, the dividend rate for each type of stock is not provided. So, without that information, it is not possible to calculate the exact dividend amount.
Once you have the dividend rate for each type of stock, you can calculate the annual dividends as follows:
1. Preferred shares: Multiply the dividend rate by the number of preferred shares. For example, if the dividend rate is $2 per preferred share, the annual dividend for preferred shares would be 1,500 shares * $2 = $3,000.
2. Common shares: Multiply the dividend rate by the number of common shares. For instance, if the dividend rate is $0.50 per common share, the annual dividend for common shares would be 15,000 shares * $0.50 = $7,500.
Please note that these calculations are just examples, and the actual dividend rate will depend on the specific details provided by the corporation.
If you have access to the specific dividend rates for each type of stock, you can use those rates to calculate the annual dividends.