Smathers Jellies follows a residual dividend policy and maintains a constant debt-equity ratio. There are 15,000 shares of stock outstanding at a market price of $10 a share. There are 300 bonds outstanding, which are selling at par value ($1,000 each). The projected spending on capital projects is $120,000 for next year. Earnings for next year are estimated at $100,000. What is the projected dividend amount per share?