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What is the dividend per share that was paid out

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An annual dividend of $ $21.9 for 2019 has just been announced by the CEO of That's The Way You Live Your Life, D.S. Sicko. The firm is paying out 36.9% of its 2019 earnings. D.S. Sicko announces that firm has earned a return of 10.5% on the retained earnings it reinvested in new projects since last year's 2018 dividend, where it paid out 63.2% of that year's earnings.

Problem 1: What is the dividend per share that was paid out in 2018? (Round to the nearest cent)

Reference no: EM132665783

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