Cash Dividends
Example: 2,000 shares of P/S, $50 par, 8% cumulative, non-participating; 80,000 shares of C/S, $30 par. Dividends declared: Year 1, $0; Year 2, $6,000; Year 3, $18,000; Year 4, $75,000.
P/S dividend = 2,000 shares x $50 par x .08 = $8,000