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Unformatted text preview: Dividends payable 2. Date of record: no journal entries 3. Date of payment Dividends payable Cash Stock Dividends: large: more than 20-25% of currently outstanding shares Small: less than 20-25% Retained earnings Common Stock 2- for 1- Stock Split: no journal entries Preferred stock: no voting right, lower risk, fixed dividend rate, first priority (preference) Cumulative, dividend in arrears. EPS = net income / average number of common shares outstanding Dividend yield ration = dividend per share / market price per share...
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- Spring '10