Earnings this year are $3,000,000. There are 15,000,000 shares outstanding. The stock price is $60/share. Last year, earnings were $2,000,000 and the company issued no new stock, but paid a total annual dividend of $0.12 per share. What is the dividend per share this year if the company follows the constant dividend payout ratio?

(Round to the nearest cent and do not enter a dollar sign)