How to calculate dividends declared?

The Kroger Co. is one of the largest retailers in the United States and also manufactures and processes some of the food for sale in its supermarkets. Kroger reported the following January 31 balances in its statement of stockholders’ equity (dollars in millions):

Current Year Prior Year

Common Stock $ 964 941

Paid-in Capital 3406 3121

Retained Earnings 7449 6360

Reported net income for current year: $1237

Question: How much did Kroger declare in dividends for the year?

**Additional info:

The answer is not 148. Everywhere online says to do (net income+retained earnings prior year-retained earnings current year) but that process gets denied on my online homework. Is there a way to do this question where you have to use the common stock and paid-in capital figures?

2 Answers

  • Sandy
    Lv 7
    6 years ago
    Favorite Answer

    If you know the year you're referring to, you can get the answer off the statement of stockholders’ equity. Kroger may have items of OCI transferred to Retained earnings. You can't get the amount of dividends just from the info given above.

  • 4 years ago

    Its -148 not 148.

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