A company has the following figures of EPS during past five years: Determine the annual dividend per share under the following conditions: (a) Stable dividend pay-out ratio of 50% (b) A regular...

A company has the following figures of EPS during past five years:

Determine the annual dividend per share under the following conditions:

(a) Stable dividend pay-out ratio of 50%

(b) A regular dividend of Re 1 and extra dividend to match with the stable dividend pay-out ratio

(c) A stable dividend amount but that can be raised to a DPR of 40%–60%. The dividend amount should be approximately equal to 40%