ABC Brewhouse had earnings per share of $2.50 in 2016 and paid out a dividend per share of $1.25 that same year. Earnings per share are expected to be $3.50 in 2017. What was ABC Brewhouse's dividend payout ratio in 2016? [Select 1 If ABC Brewhouse follows a constant payout ratio dividend policy, what will be the dividend per share in 2017? [Select If ABC Brewhouse follows a constant dollar dividend policy, what will be the dividend per share in 2017? [ Select]