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A firm has had the following earnings history over the last five years: Year Earnings Per Share 2 0 1 5 $ 2 . 5

A firm has had the following earnings history over the last five years:
Year Earnings Per Share
2015$2.50
2014$2.00
2013$1.75
2012$1.25
2011-$1.00
If the firm's dividend policy is based on a $0.50 payout per share whenever it makes a positive earnings, increasing by $0.05 to previous year dividends per share whenever earnings exceed $1.50 per share, the annual dividends for 2014 and 2015 were________.
A.
$0.50 and $0.55, respectively
B.
$0.50 and $0.60, respectively
C.
$0.60 and $0.65, respectively
D.
$0.55 and $0.65, respectively

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