Which of the following is TRUE about the date of record?
A)On the date of record, the company issues new shares.
B)On the date of record, the company determines who owns the shares as of that date.
C)On the date of record, the company records the dividend payable amount.
D)On the date of record, the company disburses dividend payments to shareholders.

Question

Quizplus · Accepted Answer

The date of record is the date on which a company determines which shareholders are eligible to receive a dividend or distribution.

Which of the Following Is TRUE About the Date of Record