Apr. 30. Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0,28 on the common stock payable on July 1. Apr. 30 Cash Dividends x Cash Dividends Payable Feedback Check My Work When a company declares a dividend it becomes legally binding. July 1. Paid the cash dividends. July 1 Cash Dividends Payable Cash Feedback Check My Work What are the stockholders' receiving from the corporation?