Fauver Enterprises declared a 3 for 1 stock split last year, and this year its dividend is $1 50 per share This total dividend payout represents a 6 increase over last year 's pre split total dividend payout What was last year 's dividend per share ...

DPS after split 150 Equivalent pres ...

Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $1.50 per

Question:

Fauver Enterprises declared a 3-for-1 stock split last year, and this year its is $1.50 per share. This total payout represents a 6% increase over last year's pre-split total payout. What was last year's per share?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...