Question: Delta Corporation earned $3.50 per share during fiscal year 2009 and paid dividends of $0.70 per share. During the fiscal year that just ended on December 31, 2010, Delta earned $4.50 per share, and the firm's managers expect to earn this amount per share during fiscal years 2011 and 2012 as well.
What was Delta's payout ratio for fiscal year 2009? %
If Delta's managers wish to hold constant the dividend payout ratio, then what dividend per share will they declare for fiscal year 2011? $ per share