November 9, 2020 
On October 23, 2020, the Kellogg Company (brands include Kellogg’s, Pringles, Eggo, Cheez-It, and many others) made the following dividend announcement:
Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of the Company, payable on December 15, 2020, to shareowners of record at the close of business on December 1, 2020.
Questions
- What is the impact on Kellogg’s balance sheet related to the dividend on the following dates:
- October 23, 2020
- December 1, 2020
- December 15, 2020
- On what date will a shareholder receive the cash dividend?
- On what date does the dividend become a liability for Kellogg’s?
- Does the dividend announcement or payment have an impact on net income? Explain.
Accounting in the Headlines 
Vijay Cornelius.
Great information…Keep sharing the post…!
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Thank you so much! I will be posting again beginning in early January:)
Hi, Wendy.
I hope you and your family are well. Are you still providing the solutions to your cases? If so, how do I log in to view them or request them as I choose to assign them?
Thank you so much! Looking forward to seeing you at TACTYC in 2022!
Sincerely,
Stephanie
Hi Stephanie! If you are referring to the cases I have posted, there is a link within each post to request the instructor materials. For “ordinary” story posts, I do not provide solutions (I have no way to control who gets them – and most of the story posts are meant as discussion aids and may not have just one solution.) Hope that helps! Yes, looking forward to TACTYC! Wendy