The board of directors announces its intention to pay a dividend on the ____________________.

Question

Quizplus · Accepted Answer

The declaration date is the date on which the board of directors announces its intention to pay a dividend. This is the first date in the dividend payment process. The other options are:
A) Ex-dividend date: The date up to which a shareholder is entitled to receive a dividend. 
B) Record date: The date on which the company finalizes the list of shareholders who are eligible to receive a dividend. 
D) Dividend announcement date: This is not a defined term in the dividend payment process.

The Board of Directors Announces Its Intention to Pay a Dividend