On May 24,2018,Kurt Rogers bought 100 shares of stock from XYZ Corporation.The quarterly dividend is $1.50 per share and the record date is May 25.How much will Kurt receive for this quarterly dividend?

Question

Quizplus · Accepted Answer

Kurt bought the shares on May 24, which is before the record date of May 25. However, dividends are typically paid to shareholders who own the stock before the ex-dividend date, which is usually one business day before the record date. Since Kurt bought the shares on the record date, he likely missed the ex-dividend date and will not receive the dividend for this quarter.

On May 24,2018,Kurt Rogers Bought 100 Shares of Stock from XYZ