1. Earnings this year are $3,000,000. There are 15,000,000 shares outstanding. The stock price is $60/share. Last year, earnings were $2,000,000 and the company issued no new stock, but paid a total annual dividend of $0.12 per share.
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3. What is the dividend per share this year if the company follows the constant dividend payout ratio?

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Answer rating: 100% (QA)

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