The board of Oschmann Enterprises declared a dividend on March 12 for payment on May 13. The ex-dividend date was established as April 25 and the record date is April 27. In order to receive the dividend, you must buy the stock:

Question

Quizplus · Accepted Answer

The ex-dividend date is the date by which a stock must be purchased in order to receive the dividend, which in this case is April 25. Therefore, you must buy the stock before this date to be eligible for the dividend payment on May 13. Buying the stock on or after April 25 would not entitle you to the dividend.

The Board of Oschmann Enterprises Declared a Dividend on March