On November 21, 2019, Chubb Limited issued the following press release: The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.75 per share, payable on January 10, 2020 to shareholders of record at the close of business on December 20, 2019. From the information above, identify the dividend declaration date, record date, and payment date. Determine the financial statement effects of Chubb’s declaration and payment of cash dividends for its 452 million shares.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
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Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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On November 21, 2019, Chubb Limited issued the following press release: The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.75 per share, payable on January 10, 2020 to shareholders of record at the close of business on December 20, 2019.

  1. From the information above, identify the dividend declaration date, record date, and payment date.
  2. Determine the financial statement effects of Chubb’s declaration and payment of cash dividends for its 452 million shares.
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