Shown below is information relating to the stockholders' equity of Grant Corporation at December $31,$ Year $1$: $6\%$ cumulative preferred stock, $$100$ par value; authorized, $10,000$ shares; issued and outstanding, $6,000$ shares

Common stock, $$3$ par value; authorized, $500,000$ shares; issued and outstanding, $300,000$ shares

Additional paid$-$in capital: preferred stock

Additional paid$-$in capital: common stock

Retained earnings

Dividends have been declared and paid for Year $1.$The balance in Retained Earnings at the beginning of the year was $$950,000,$ and there were no dividends in arrears. Net income for Year $1$ was $$980,000.$ What was the amount of dividend declared on each share of common stock during Year $1?$

Select one:

a$.$ $$2\mathrm{.}08.$

b$.$ $$2\mathrm{.}00.$

c$.$ $$2\mathrm{.}50.$

d$.$ $$2\mathrm{.}68.$