The dollar amount of a cash dividend to be paid is determined on the date of
A) record.
B) declaration.
C) declaration or date of record, whichever is earlier.
D) payment.

Question

Quizplus · Accepted Answer

The declaration date is when the company publicly announces that they will be paying a cash dividend and specifies the amount. Therefore, the dollar amount of a cash dividend to be paid is determined on the declaration date.

The Dollar Amount of a Cash Dividend to Be Paid