On November 2, 2016, Lowe’s Companies, Inc. (NYSE: LOW) paid a cash dividend of $0.35 per share to shareholders of record as of October 19, 2016. The Lowe’s Board of Directors declared this dividend on August 19, 2016. As of the end of Lowe’s 2015 year (January 29, 2016), Lowe’s had 910 million shares of […]
Continue readingHow would an investor account for the receipt of a cash dividend from Microsoft?
Microsoft Corp. announced its dividend for the first quarter of 2016 on December 2, 2015. The press announcement on December 2, 2015, read: “Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.36 per share. The dividend is payable March 10, 2016, to shareholders of record on Feb. 18, […]
Continue readingWhat are the dates associated with Molson Coors Brewing Company’s dividend announcement?
On November 12, 2015, Molson Coors Brewing Company (TAP) released a dividend announcement. An excerpt from that news release is as follows: DENVER & MONTREAL–(BUSINESS WIRE)–Nov. 12, 2015–Molson Coors Brewing Company (NYSE: TAP) today declared a regular quarterly dividend on its … common shares of US $0.41 per share, payable December 15, 2015, to shareholders of record on November 30, 2015. Questions […]
Continue readingWhat is the accounting impact of Dunkin’ Donuts’ dividend declaration?
Dunkin’ Brands (NASDAQ: DNKN) declared a dividend of $0.265 on February 5, 2015, to be paid on March 18, 2015, to shareholders of record as of the close of business on March 9, 2015. This dividend is a 15% increase over the prior quarter’s dividend. Questions On which date will Dunkin’ Brands record a liability […]
Continue readingHow much does Seacoast Banking Corporation of Florida pay to redeem one share of its preferred stock?
The following is from a press release from Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, dated November 29, 2013: “…Seacoast National Bank…announced it has issued a notice to redeem, subject to regulatory approval, all of its 2,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A… for an aggregate […]
Continue readingWhat do the dates mean in the press release for Pier 1’s quarterly cash dividend announcement?
Pier 1 declared a quarterly cash dividend of $0.05 per common share on September 27, 2013. The press release read: “Sep. 27, 2013– Pier 1 Imports, Inc. (NYSE:PIR) today announced that its Board of Directors declared a $0.05 per share quarterly cash dividend on the Company’s outstanding shares of common stock. The $0.05 quarterly cash dividend will be paid on November 6, […]
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November 3, 2016 