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Snider, Corp. has a policy of returning a minimum of 40 percent of to shareholders every year through dividend issues and open-market stock repurchases. In

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Snider, Corp. has a policy of returning a minimum of 40 percent of to shareholders every year through dividend issues and open-market stock repurchases. In each quarter this year, the company earned $0.35 per share. In each of the first three quarters, the company paid a regular cash dividend of $0.10 per share. What combination of dividends could Snider's board approve to meet their target payout percentage? A regular cash dividend of $0.10 per share and an extra dividend of $0.16 per share A regular cash dividend of $0.10 per share A regular cash dividend of $0.10 per share and an extra dividend of $0.46 per share A regular cash dividend of $0.10 per share and an extra dividend of 0.56 per share

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