Over the last 10 years, a firm has had the earnings per share shown in the following table:

a.If the firm's dividend policy were based on a constant payout ratio of

40% for all years with positive earnings and 0% otherwise, what would be the annual dividend for 2019?

b.If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive years, what annual dividend would the firm pay in 2019?

c.If the firm's policy were to pay $0.50 per share each period except when earnings per share exceed $3.00, when an extra dividend equal to

80% of earnings beyond $3.00 would be paid, what annual dividend would the firm pay in 2019?

d.Discuss the pros and cons of each dividend policy described in parts a through c

Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table: a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the minua dividend for 2019? b. If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive years, what annual dividend would the firm pay in 2019? c. If the firm's polloy were to pay $0.50 per sharo each period except when earnings per share exceed $3.00, when an extra dividend equal to 80% of earnings beyond $3.00 would be paid, what annual dividend would the firm pay in 2019? d. Discuss the pros and cons of each dividend policy described in parts a through X Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year Earnings per share Year Earnings per share 2022 $4.69 2017 $2.38 2021 $3.87 2016 $1.52 2020 $4.08 2015 $1.84 2019 $2.78 2014 - $0.58 2018 $4.81 2013 $0.86 Print Done