For the year ended December 31, 2013, Norstar Industries reported net income of $655,000. At January 1, 2013, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2013:

Apr. 30	Sold 60,000 shares in a public offering.
May 24	Declared and distributed a 5% stock dividend.
June 1	Issued 72,000 shares as part of the consideration for the purchase of assets from a subsidiary.

Required:

Compute Norstar's earnings per share for the year ended December 31, 2013. (Round your answer to 2 decimal places.)