What is the expected dividend per common share

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Question - The Dawson Corporation projects the following for the upcoming year:

Earnings before Interest and Taxes $35 million

Interest Expense $5 million

Preferred Shares Dividends $4 million

Common Shares Dividend Payout Ratio 30%

Average Number of Common Shares Outstanding 2 million

Effective Corporate Income Tax Rate 40%

Required - What is the expected dividend per common share?

Reference no: EM132898351

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