ABC Company has declared dividends totaling $475,000.There are 38,000 shares of preferred stock that earn dividends of $2.50 per share.If there are 240,000 shares of common stock,how much per share does a common stockholder receive?

Preferred Stock

Preferred stockholders received dividends before common stockholders.

Common Stock

A type of stock where the stockholders receive dividends only when the board of directors elects to issue dividends.

Dividends Totaling

The sum of dividend payments received by shareholders within a specific period.