The Foster Corporation has paid dividends on common stock over the ten years as follows:

During this ten-year period, there were 1,000 common shares outstanding.

a. What are the dividends per share for each year?

b. What is the dividend payout for each year?

c. How would you describe the dividend policy of Foster Corporation?

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Year Dividends Earnings 1994 $3,000 $5,000 1995 3,100 5,100 1996 3,200 4,500 1997 3,300 5,400 1998 3,500 5,500 1999 3,725 5,300 2000 3,975 5,200 2001 4,200 5,600 2002 4,500 5,800