Last year, Shanna Young purchased 100 shares of Iowa Farm Implement. During the last 12 months, she received dividends totaling $1.20 a share. During the 12-month period, the company earned $4.00 a share.

1. For the 12-month period, what is the amount of total dividends that Ms. Young received?
2. If a share of Iowa Farm Implement is selling for $52, what is the dividend yield?
3. What was the dividend payout during this 12-month period?