Partridge Company Provides the Following Information for the Year 2014

Multiple Choice

Partridge Company provides the following information for the year 2014: $$\begin{array} { l l } \text { Earnings per share } & \$ 0.24 / \text { share } \\\text { Market price of common stock: } & \$ 12.00 / \text { share } \\\text { Dividends paid: } & \$ 0.80 / \text { share } \\\text { (No preferred stock issued) } &\end{array}$$
How much was the dividend payout for one share of common stock?

A) 1.67
B) 3.33
C) 0.30
D) 3.95