Brooks Sporting Inc. is prepared to report the following 2021 income statement (shown in thousands of dollars).

Sales	$14,500
Operating costs including depreciation	10,875
EBIT	$3,625
Interest	297
EBT	$3,328
Taxes (25%)	832
Net income	$2,496

Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 450,000 shares of common stock outstanding, and its stock trades at $59 per share.

1. The company had a 35% dividend payout ratio in 2020. If Brooks wants to maintain this payout ratio in 2021, what will be its per-share dividend in 2021? Do not round intermediate calculations. Round your answer to the nearest cent. $
3. If the company maintains this 35% payout ratio, what will be the current dividend yield on the company's stock? Do not round intermediate calculations. Round your answer to two decimal places. %
5. The company reported net income of $2.15 million in 2020. Assume that the number of shares outstanding has remained constant. What was the company's per-share dividend in 2020? Do not round intermediate calculations. Round your answer to the nearest cent. $
7. As an alternative to maintaining the same dividend payout ratio, Brooks is considering maintaining the same per-share dividend in 2021 that it paid in 2020. If it chooses this policy, what will be the company's dividend payout ratio in 2021? Do not round intermediate calculations. Round your answer to two decimal places. %