Required Information
[The following information applies to the questions displayed below.]
Permabilt Corporation was incorporated on January 1, 2022, and issued the following stock for cash:
2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2022, at $35 per share.
800,000 shares of $100 par value, 7.5% cumulative, preferred stock were authorized; 540,000 shares were issued on January 1, 2022, at $105 per share.
No dividends were declared or paid during 2022 or 2023. However, on December 22, 2024, the board of directors of Permabilt Corporation declared dividends of $15,000,000, payable on February 12, 2025, to holders of record as of January 8, 2025.
c. Calculate the common stock dividends per share declared during 2024.
Note: Round your answer to 2 decimal places.
Common stock dividends per share