Bavarian Brewhouse Dividend Bavarian Brewhouse Had Earnings Per Share of $2.50 in 2004

Bavarian Brewhouse Dividend
Bavarian Brewhouse had earnings per share of $2.50 in 2004 and paid out a dividend per share of $1.45 that same year. Earnings per share are expected to be $3.25 in 2005.

-If Bavarian Brewhouse follows a constant payout ratio dividend policy,what will be the dividend per share in 2005?

A) $1.45
B) $1.89
C) $2.12
D) $3.25