Greg's Grocery, Inc. has 46 comma 000 46,000 shares of common stock outstanding and 4 comma 000 4,000 shares of preferred stock outstanding. The common stock is $ 9.00 $9.00 par value; the preferred stock is 4 4% noncumulative with a $ 100 $100 par value. On October 15, 2017, the company declares a total dividend payment of $ 40 comma 000 $40,000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)