BFAR Corp. maintains the following equity balances throughout the years 2020 and 2021:
-10% preference share capital (20,000 shares issued and outstanding): PHP 4,000,000
-Ordinary share capital (60,000 shares issued and outstanding): PHP 6,000,000
Preference shares are non-cumulative but fully participating. The company did not declare cash dividends during 2020. In 2021, the company declared PHP 1,202,000 cash dividends.
How much is the dividend per share of ordinary shares in 2021?
*Do not round off intermediate computations but round off final answer to 2 decimal places if the final answer is not a whole number