Greg's Grocery,Inc

Greg's Grocery,Inc.has 45,000 shares of common stock outstanding and 8,000 shares of preferred stock outstanding.The common stock is $0.10 par value; the preferred stock is 7% noncumulative with a $100.00 par value.On October 15,2017,the company declares a total dividend payment of $51,000.What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent. )

A) $(0.11)
B) $4,500.00
C) $45.00
D) $0.88