Cash Dividends - Returning contributions or earnings to owners - Dividends are paid to outstanding shares of stock - A declared cash dividend is a liability - Date of declaration - Date of record - Date of payment Example: David Freight Corp. on June 10 declared a cash dividend of 50 cents a share on 1.8 million shares payable July 16 to all stockholders of record June 24 Cash Dividends - Returning contributions or earnings to owners - Dividends are paid to outstanding shares of stock - A declared cash dividend is a liability - Date of declaration - Date of record - Date of payment Example: David Freight Corp. on June 10 declared a cash dividend of 50 cents a share on 1.8 million shares payable July 16 to all stockholders of record June 24