OVERVIEW OF THIS IN A FEW SENTENCES OR SHORT PARAGRAPH PLEASE Consolidated State
ID: 2526450 • Letter: O
Question
OVERVIEW OF THIS IN A FEW SENTENCES OR SHORT PARAGRAPH PLEASE
Consolidated Statements of Shareholders' Investment
(millions)
Common
Stock
Shares
Stock
Par
Value
Additional
Paid-in
Capital
Retained
Earnings
Accumulated Other
Comprehensive
(Loss) / Income
Total
February 1, 2014
632.9
$
53
$
4,470
$
12,599
$
(891
)
$
16,231
Net loss
—
—
—
(1,636
)
—
(1,636
)
Other comprehensive income
—
—
—
—
292
292
Dividends declared
—
—
—
(1,273
)
—
(1,273
)
Repurchase of stock
(0.8
)
—
—
(46
)
—
(46
)
Stock options and awards
8.1
—
429
—
—
429
January 31, 2015
640.2
$
53
$
4,899
$
9,644
$
(599
)
$
13,997
Net earnings
—
—
—
3,363
—
3,363
Other comprehensive loss
—
—
—
—
(30
)
(30
)
Dividends declared
—
—
—
(1,378
)
—
(1,378
)
Repurchase of stock
(44.7
)
(4
)
—
(3,441
)
—
(3,445
)
Stock options and awards
6.7
1
449
—
—
450
January 30, 2016
602.2
$
50
$
5,348
$
8,188
$
(629
)
$
12,957
Net earnings
—
—
—
2,737
—
2,737
Other comprehensive loss
—
—
—
—
(9
)
(9
)
Dividends declared
—
—
—
(1,359
)
—
(1,359
)
Repurchase of stock
(50.9
)
(4
)
—
(3,682
)
—
(3,686
)
Stock options and awards
4.9
—
313
—
—
313
January 28, 2017
556.2
$
46
$
5,661
$
5,884
$
(638
)
$
10,953
(millions)
Common
Stock
Shares
Stock
Par
Value
Additional
Paid-in
Capital
Retained
Earnings
Accumulated Other
Comprehensive
(Loss) / Income
Total
February 1, 2014
632.9
$
53
$
4,470
$
12,599
$
(891
)
$
16,231
Net loss
—
—
—
(1,636
)
—
(1,636
)
Other comprehensive income
—
—
—
—
292
292
Dividends declared
—
—
—
(1,273
)
—
(1,273
)
Repurchase of stock
(0.8
)
—
—
(46
)
—
(46
)
Stock options and awards
8.1
—
429
—
—
429
January 31, 2015
640.2
$
53
$
4,899
$
9,644
$
(599
)
$
13,997
Net earnings
—
—
—
3,363
—
3,363
Other comprehensive loss
—
—
—
—
(30
)
(30
)
Dividends declared
—
—
—
(1,378
)
—
(1,378
)
Repurchase of stock
(44.7
)
(4
)
—
(3,441
)
—
(3,445
)
Stock options and awards
6.7
1
449
—
—
450
January 30, 2016
602.2
$
50
$
5,348
$
8,188
$
(629
)
$
12,957
Net earnings
—
—
—
2,737
—
2,737
Other comprehensive loss
—
—
—
—
(9
)
(9
)
Dividends declared
—
—
—
(1,359
)
—
(1,359
)
Repurchase of stock
(50.9
)
(4
)
—
(3,682
)
—
(3,686
)
Stock options and awards
4.9
—
313
—
—
313
January 28, 2017
556.2
$
46
$
5,661
$
5,884
$
(638
)
$
10,953
Explanation / Answer
Whereas the Dividend Rate of The Company has increased over the years from 3.80% to 4.06% and then further to 4.51% over the three years period,on the contrary the company has reduced the face value of share from $53 in 2014-15 to $50 in 2015-16 and then in next year 2016-17 ,the face value has been further reduced to $46 per share.This is also one of the reason for increase in the rate of dividend.
Even though the Company has incurred losses in 2014-15, despite this the company has declared the considerable dividend out of its Retained Earnings. This Might be Because the company want to retain the Price of Share at its existing level in the market and to maintain its market capitalization value.
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