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The earnings of an oil and gas company in 2022 were $1,313 million, and the company plans for $552 million capital expenditure, and $539,713

The earnings of an oil and gas company in 2022 were $1,313 million, and the company plans for $552 million capital expenditure, and $539,713 million-acquisition in 2023. Suppose the company had no other large capital spending, and the target deb-to-equity ratio is 0.38. The company have 162 million common shares outstanding. How much dividend per share can the company afford to pay out?

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