What will be the dividend per share of Rohtas Industries for the year 2024 given the following information about the company?
EPS for 2024 = Rs. 3
DPS for 2023 = Rs. 1.2
Target Payout Ratio = Rs. 0.6
Adjustment Rate = Rs. 0.7
1
Rs. 1.8
2
Rs. 1.62
3
Rs. 1.52
4
Rs. 1.72