Kelsey International declared a dividend on Friday, November 13, that is payable on Friday, December 11, to holders of record on Monday, November 30.What is the latest date that you can purchase this stock if you wish to receive this dividend? Assume there are no banking holidays within this period of time.

Question

Quizplus · Accepted Answer

To receive the dividend, you must own the stock before the ex-dividend date, which is typically one business day before the record date. The record date is November 30, so the ex-dividend date is November 27. Therefore, you must purchase the stock by November 25 to be a holder of record by November 30.

Kelsey International Declared a Dividend on Friday, November 13, That