Maggies Skunk Removal Corp.s 2018 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2018 year-end balance sheet listed total assets of $52.5 million and common stockholders equity of $21 million with 2 million shares outstanding. Calculate the dividend payout. (Round your answer to 2 decimal places.)