Sean Rouse owns shares of common stock in Stowaway Transportation Company.The company is getting ready to pay a dividend.Sean knows he must be registered on the corporation's books on the ________ date in order to receive the dividend.

Question

Quizplus · Accepted Answer

The record date is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend or distribution. Sean must be registered as a shareholder on the company's books by this date to receive the dividend.

Sean Rouse Owns Shares of Common Stock in Stowaway Transportation