Three dates are involved in the declaration and payment of dividends-the date of declaration, the date of record, and the date of payment.

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This statement is true. The date of declaration is the day on which the company announces its intention to pay dividends, the date of record (also known as the ex-dividend date) is the day on which shareholders must be on record in order to receive the dividend, and the date of payment is the day on which the actual payment is made to eligible shareholders.

Three Dates Are Involved in the Declaration and Payment of Dividends-The