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Match the Following Terms with the Descriptions Below

Question 82

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Match the following terms with the descriptions below.

Premises:
Date when the cash dividend is distributed to stockholders.
The distribution of cash to corporate shareholders.
Program that allows stockholders to reinvest their dividend in stock rather than receive the cash dividend.
Stockholders must be registered in the stock transfer book on this date in order to receive a declared dividend.
The last day to buy stock and receive a declared dividend.
The corporation exchanges its old shares for a larger number of new shares.
A distribution of a company's shares to existing stockholders.
The amount of preferred dividends that have not been paid in full.
Payment of noncash assets to stockholders.
The day the corporation is legally obligated to pay a dividend.
Responses:
Stock dividend
Property dividend
Dividends in arrears
Stock Split
DRIP
Date of declaration
Cash dividend
Date of payment
Date of record
Ex-dividend date

Correct Answer:

Date when the cash dividend is distributed to stockholders.
The distribution of cash to corporate shareholders.
Program that allows stockholders to reinvest their dividend in stock rather than receive the cash dividend.
Stockholders must be registered in the stock transfer book on this date in order to receive a declared dividend.
The last day to buy stock and receive a declared dividend.
The corporation exchanges its old shares for a larger number of new shares.
A distribution of a company's shares to existing stockholders.
The amount of preferred dividends that have not been paid in full.
Payment of noncash assets to stockholders.
The day the corporation is legally obligated to pay a dividend.
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