Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $194,400 during the current year. The comparative balance sheet indicates dividends payable of $46,700 at the beginning of the year and $42,000 at the end of the year. What was the amount of cash payments to stockholders during the year? Feedback Check My Work Recall that there are three important dates when dealing with the cash dividends; the declaration date, stockholders of record date and the payment date. Remember you want to determine the amount of the total cash payment made to stockholders.