How much did chevron pay in cash dividends to common shareholders during the first nine months of 2013? please provide your answer in millions without comma separator or decimal (ex: 343323456)

Sagot :

The correct answer for chevron pay in cash dividends to common shareholders during the first nine months of 2013 is 5572144100 dollors .

The dividend paid by Chevron foe 9 months of 2013 is $ 5572 millions.

Calculation:

No. Of outstanding shares = 1,921,429,000

Dividend per share = $2.9

Dividend paid = No. of outstanding shares * dividend per share

= 1,921,429,000 * 2.9

= $5,572,144,100

A dividend is a payment made to shareholders in exchange for their investment in a company's equity, and it is usually derived from the company's net profits. When a cash dividend is paid, the funds are transferred to a liability account known as dividends payable.

When the company makes the payment on the dividend payment date, which is usually a few weeks after the ex-dividend date, this liability is removed. Cash dividends and tick dividends have no effect on a company's net income or profit.

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