Year 2015 2014 2013 2012 2011 Earnings per Share $250 200 175 1 25 -1.00 'If the firm's dividend policy was to pay 50 25 per share each period except when earnings exceed $150 an extra dividend equal to 50 percent of the earnings above $1.50 would be paid the annual dividends for 2012 and 2015 were 50 and 50.25. respectively $0,25 and 50: 25. respectively $0.25 and 50.75, respectively 50.25 and 51 25, respectively A Moving to another question will save this response Renoir