In 2017, Macy's paid $459 million of cash dividends. These dividends reduced assets and reduced retained earnings.

Name: In 2017, Macy's paid $459 million of cash dividends. These dividends reduced assets and reduced retained earnings.
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Paying cash dividends reduces a company's cash balance (an asset) and also reduces retained earnings (a component of shareholders' equity), reflecting the distribution of profits to shareholders.

In 2017, Macy's Paid $459 Million of Cash Dividends