On the _____________, the firm will look on its books to find the registered owners so that they can start addressing payments.

Question

Quizplus · Accepted Answer

The record date is used by a firm to determine the shareholders who are eligible to receive payments such as dividend payments. On this day, the company will review its books to identify the registered owners of the shares. Therefore, the correct answer is B, record date.

Option A, "owner date," is not a commonly used term in finance and does not accurately describe the process of identifying shareholders for payment purposes.

Option C, "owner of record date," is similar to the correct answer, but it includes an extra phrase that is not necessary. The term "owner of record" is often used interchangeably with registered owner, so including both phrases is repetitive.

Option D, "ex-dividend date," is the date on which stock trades no longer include the right to receive the most recently declared dividend payment. This date is related to the record date, but it is not the date on which the company will review its records to identify eligible shareholders.

On the _____________, the Firm Will Look on Its Books