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How did a cash dividend impact Lowes financial position? On November 2, 2019, Lowes Companies, Inc. paid a cash dividend of $0.35 per share to

How did a cash dividend impact Lowes financial position?

On November 2, 2019, Lowes Companies, Inc. paid a cash dividend of $0.35 per share to shareholders of record as of October 19, 2019. The Lowes Board of Directors declared this dividend on August 19, 2019.

Assume Lowes had 910 million shares of common stock issued and outstanding.

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  1. Name each of the dates related to Lowes cash dividend: (a) August 19, 2019; (b) October 19, 2019; and (c) November 2, 2019.
  2. On August 19, 2019, how will Lowes assets, liabilities, and stockholders equity be impacted by the Board of Directors action?
  3. On October 19, 2019, how will Lowes assets, liabilities, and stockholders equity be impacted by the Board of Directors action?
  4. On November 2, 2019, how will Lowes assets, liabilities, and stockholders equity be impacted by the Board of Directors action?
  5. What is the total amount of the cash dividend that Lowes will pay related to this announcement?

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