Fauver enterprises declared a 5-for-1 stock split last year, Financial Management

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Fauver enterprises declared a 5-for-1 stock split last year

Fauver Enterprises declared a 5-for-1 stock split last year, and this year its dividend is $0.80 per share. This total dividend payout represents a 14% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent.

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Financial Management: Fauver enterprises declared a 5-for-1 stock split last year

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Financial Management: Fauver enterprises declared a 5-for-1 stock split last year

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