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Pines Ltd , a tree relocation company, follows a stable plus special dividend policy. The company recently ( 2 0 2 4 ) had earnings

Pines Ltd, a tree relocation company, follows a stable plus special dividend policy. The company recently (2024) had
earnings available to common shareholders of R500m on sales of R4.5b and has 550 m shares outstanding. The
company maintains a stable pay-out ratio of 10% and issues special dividends whenever its net profit margin (after
the stable dividend had been paid) equals or exceeds 10%. Special dividends will amount to 50% of net profits after
the stable dividend had been deducted.
Determine the total dividend that Pines Ltd will pay per share in 2024.
a.20 c
b.35 c
c.50 c
d.100 c
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