Cash dividends are paid on the date of record.

Name: Cash dividends are paid on the date of record.
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Quizplus · Accepted Answer

Cash dividends are not paid on the date of record, but rather on the payment date, which is typically a few days or weeks after the date of record. The date of record is simply the date on which a shareholder must own the stock in order to be eligible to receive the dividend.

Cash Dividends Are Paid on the Date of Record