posh08
Nov 12, 2011, 04:39 AM
Good evening!
I'm just confused in finding cash dividends where the preference shares is given but the ordinary shares is not. I.e:
10%, Preference shares, Cumulative, Participating, 100,000 shares issued and outstanding, 10 pesos par.
Since, the preference shares is participating, ordinary shareholder are given their initial share.
The question: how should be the remainder allocated to ordinary and what amount would you base the preference rate in getting the shares for ordinary?
I'm just confused in finding cash dividends where the preference shares is given but the ordinary shares is not. I.e:
10%, Preference shares, Cumulative, Participating, 100,000 shares issued and outstanding, 10 pesos par.
Since, the preference shares is participating, ordinary shareholder are given their initial share.
The question: how should be the remainder allocated to ordinary and what amount would you base the preference rate in getting the shares for ordinary?