Presented below are balances taken from the records of Armor Corporation for 2020:
8% Preference Share Capital, ₱80 par = ₱2,000,000
Subscribed Preference Share Capital = ₱350,000
Subscriptions Receivable-Preference = ₱120,000
Ordinary Share Capital, ₱30 par = ₱1,500,000
Subscribed Ordinary Share Capital = ₱660,000
Subscriptions Receivable-Ordinary = ₱245,000
Accumulated Profits-Free = ₱3,250,000
Treasury Shares-Preference (at cost: ₱85) = ₱201,875
Assume preference shares are cumulative and participating. The last dividend declaration was in 2017. During the year, Armor declared cash dividends amounting to ₱820,000. How much is the cash dividend per ordinary share? Round off your answer to two decimal places.