DEF Ltd have ordinary share capital of 1,000,000 made up of 4,000,000 shares of 25p each. The market price of each share is 1.75 and an interim dividend of 44p per share has been paid during the year. The directors have proposed that the total dividend yield for the year should be 50p per share.

What is the total value of the interim dividend that has been paid during the year?

What will be the total value of the final dividend to be paid (once it has been approved by the shareholders)?