Higher dividend per share is possible for a company to provide in which of the following situation?

High earnings, High cash flows and Lower growth opportunities

The correct answer is option (3)- High earnings, High cash flows and Lower growth opportunities.

A higher dividend per share is generally possible when a company has strong earnings and cash flows but limited growth opportunities.

1. High earnings and High cash flows:
   A company with high earnings and strong cash flows can afford to pay higher dividends to shareholders, as it has the financial resources to do so. Cash flow is particularly important because dividends are paid in cash, not just profits. If the company generates sufficient cash, it can distribute a larger portion to shareholders.

2. Lower growth opportunities:
   If a company has lower growth opportunities, it doesn't need to reinvest as much of its profits into expanding its business. This means that more of its earnings and cash flow can be paid out as dividends rather than being reinvested for growth (like for new projects, acquisitions, etc.). In this case, the company is more likely to distribute a higher percentage of its earnings as dividends.