At a firm's quarterly dividend meeting held April 9, the directors declared a $0.50 per share cash dividend for the holders of record on Monday, May 1. The firm's stock will sell ex dividends on ________.

Question

Quizplus · Accepted Answer

The ex-dividend date is typically two business days before the record date, meaning investors must own the stock by the close of business on April 27 to be entitled to receive the dividend. Therefore, the correct answer is D.

At a Firm's Quarterly Dividend Meeting Held April 9, the Directors