Orlando Blodgett is buying stock in the Getaway Caribbean Cruise Company today.He had thought about buying the stock yesterday and if he had,he would have received this quarter's dividend.However,since he waited until today,he will not receive that dividend payment.Given this information,which one of the following dates applies to this stock today?

Question

Quizplus · Accepted Answer

The ex-dividend date is the first day on which buying a stock does not entitle the new owner to the declared dividend; since Orlando missed the dividend by buying the stock today, it indicates that today is the ex-dividend date.

Orlando Blodgett Is Buying Stock in the Getaway Caribbean Cruise