Which of the following is the first date in the sequence required to pay dividends?
A)payment date
B)announcement date
C)date of record
D)declaration date

Question

Quizplus · Accepted Answer

The declaration date is the first date in the sequence required to pay dividends, as it is the date on which the company's board of directors announces its intention to pay a dividend. This date is important because it establishes the company's obligation to pay the dividend and sets the amount of the dividend. The other dates in the sequence include the date of record (the date on which shareholders must be registered on the company's books to receive the dividend), the ex-dividend date (the date on which a stock trades without the dividend), and the payment date (the date on which the dividend is actually paid to shareholders).

Which of the Following Is the First Date in the Sequence