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The following information pertains to Luna Inc. as of 12/31/2020: Common stock, $1 par, 18,000 shares issued (shares were originally issued in 2001) Treasury stock,
The following information pertains to Luna Inc. as of 12/31/2020: Common stock, $1 par, 18,000 shares issued (shares were originally issued in 2001) Treasury stock, 2,000 shares at a cost of $5 per share (shares were purchased in 2005) Preferred stock: 4%, $100 par, cumulative, 4,800 shares issued and outstanding (shares were originally issued in 2015). No preferred dividends were paid the previous year (in 2019), but all dividends before 2019 were paid in full. The company's board of directors approved a total dividend payment of $48,000 during 2020. What amount of dividends, per share, was paid to the common shareholders for 2020? (round final answer if necessary)
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