On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable on April

Question:

On March 15, American Eagle declares a quarterly cash of $0.125 per share payable on April 13 to all stockholders of record on March 30.

Required:
Record American Eagle’s declaration and payment of cash dividends for its 210 million shares.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...