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    hotbaj21's Avatar
    hotbaj21 Posts: 2, Reputation: 1
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    Dec 15, 2010, 07:46 PM
    What is the dividend on an 8 percent preferred stock that
    What is the dividend on an 8 percent preferred stock that currently sells for $45 and has a face value of $50 per share?
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    Just Looking Posts: 1,610, Reputation: 480
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    Dec 15, 2010, 07:58 PM

    Dividends on Preferred Stock are computed on par value, so in this case it is 8% of $50 times the number of shares outstanding.
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