Assume a company provided the following information:

Earnings per share	$ 1.20
Number of common shares outstanding, beginning of the year	45,000
Number of common shares outstanding, end of the year	55,000
Price-earnings ratio	12.50
Dividend yield ratio	4%

The dividend per share is closest to:

Multiple Choice

• $1.10.

• $0.90.

• $1.20.

• $0.60.