The Limberger Corporation declared a quarterly dividend of $0.10 per share. The ex- dividend date was July 15, the date of record was July 18, and the payment date was July 28. If you had owned 100 shares of the Limberger Corporation and sold them on July 15, then

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Quizplus · Accepted Answer

The ex-dividend date is the date on which the stock begins trading without the dividend. Therefore, if you sold the stock on the ex-dividend date, you would not be entitled to the dividend. The purchaser of the stock would be entitled to the dividend because they would be the owner of the stock on the date of record.

The Limberger Corporation Declared a Quarterly Dividend of $0