Hometown Grocery, Inc. has 44 comma 000 shares of common stock outstanding and 5 comma 000 shares of preferred stock outstanding. The common stock is $ 3.00 par value; the preferred stock is 5% noncumulative with a $ 100.00 par value. On October 15, 2018, the company declares a total dividend payment of $ 40 comma 000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)