Dividend Policy

All calculations must be shown.EXCEL spreadsheets may be a good tool to use.

Chevron is an international integrated energy and chemical company. Amazon.Com is an Internet Retailer and a relative new company with steady growth.

calculate the possible distribution amount using the Residual Distribution Model method (Chap 14).Show all components used.

Go to the SEC EDGAR web site (www.sec.gov/index.htm), locate FILINGS and;

• Go to Chevron Corp - 0000093410
• Find most recent 10-K report (hint: Dec 31, 2018)
• From the consolidated financial statements, retrieve the necessary information to calculate the distribution paid using the Residual Model.
• From this calculation, what is the dividend per share?
• What was the actual dividend paid (annualized)?

• Go to Centerpoint Energy, Inc. - 0000048732
• Find most recent 10-K report (hint: Dec. 31, 2018)
• From the consolidated financial statements, retrieve the necessary information to calculate the distribution paid using the Residual Model.
• From this calculation, what is the dividend per share?
• What was the actual dividend paid (annualized)?

n Excel spreadsheet showing your calculations on a separate tab for each company.On another tab one or two paragraph summation of your findings.