Azov Limited Makes Up Its Financial Statements to 30 April

Multiple Choice

Azov Limited makes up its financial statements to 30 April every year. Azov Limited has share capital of £4,000,000 made up of 2,000,000 preference shares of £1 each and £2,000,000 of ordinary shares of 50 pence each. The preference shares carry a dividend rate of 5%. Total ordinary and preference dividends of £750,000 were paid out during the year to 30 April 2019. What is the dividend per ordinary share for Azov Limited for the year ended 30 April 2019?

A) 12.50 pence
B) 16.25 pence
C) 18.75 pence
D) 32.50 pence