The dividend policy of Banana Gardens Inc. (BG) can be represented by a gradual adjustment to a target dividend payout ratio. Last year BG had earnings per share of $3.00 and paid a dividend of $0.60 a share. This year it estimates earnings per share will be $4.00. Find its dividend per share for this year if it has a 25% target payout ratio and uses a five-year period to adjust its dividend.