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scada
May 2, 2011, 01:47 PM
I hope you receive this the proper way. I have unlimited common shares. I have issues 1,000,000 total of $1,500,000. I have $1,800,000 reatined earings. I have issues 100,000 preferred shared earings at $50 perferred shares.=$5,000,000. I was also authorized unlimited no par value of $4 noncumulative preferred shares.now I have to pay out quaterly shares to the preferred shares. Do I total the three preferred shares $5,000,000
common shares $1,500,000
retained earings $1,800,000
I don't know the amount of what to pay out to the preferred shares

Just Looking
May 2, 2011, 02:40 PM
The common stockholders are not entitled to dividends unless dividends are declared and the preferred stock dividends have been satisfied.

Your preferred stock should also show a percentage, referred to as the preferred dividend rate. It is typically written that you have X%, $50 par preferred shares. That percentage is applied to the total value of the preferred stock (in your case $5 million) to determine the dividend the $50 preferred shareholders are entitled to receive in a year - thus 25% each quarter.

Preferred stock may or may not have a par value, but almost all preferred stock has a fixed dividend amount. I think that is what the $4 signifies, though usually I see it written as "no par value of $4 dividend noncumulative preferred shares". Again, this is stated on an annual basis. Do you have any more info on the no-par value preferred shares, such as whether there are any shares issued?

scada
May 2, 2011, 05:48 PM
Not too much info eh? All the info I have was in the last message.
unlimited common shares
issues 1,000,000 $1,500,000
retained earinings 1,800,000
also authorized unlimited of no par value $4 noncumulative preferred shares.
than Jan 1 100,000 preferred shares were issues for $50. Per share
than I have to pay the preferred shares qurarterly
That's all the info I have.
Are you a little confused also??

scada
May 2, 2011, 06:03 PM
Not too much info eh? All the info I have was in the last message.
unlimited common shares
issues 1,000,000 $1,500,000
retained earinings 1,800,000
also authorized unlimited of no par value $4 noncumulative preferred shares.
than Jan 1 100,000 preferred shares were issues for $50. Per share
than I have to pay the preferred shares qurarterly
That's all the info I have.
Are you a little confused also??

Just Looking
May 2, 2011, 08:06 PM
It doesn't seem like there is enough info to answer the question.