A company went public on January 1, 2015, with an initial public offering of 10,000,000 common shares, $1 par value, at a market price of $3 per share. In 2016, a 10% stock dividend was issued trading at $6 per share. In 2017, a 3-for-1 forward stock split was executed 2017 trading at $12 per share. In 2018, 500,000 common shares were repurchased on the open market at a price of $15 per share. Question is:

On December 31, 2018, the company declared and paid its first cash dividend of $0.1 per share on all outstanding common shares. What is the dividend?