Which is correct about a dividend payment assuming an investor purchases a stock after the ex-dividend date?

Question

Quizplus · Accepted Answer

The ex-dividend date is the first day that a stock trades without the dividend, so any investor who purchases the stock after this date is not entitled to the dividend payment. Ownership of the stock must precede the ex-dividend date in order to receive the dividend. The date of record, which is typically two business days after the ex-dividend date, is the date on which the company determines who is eligible to receive the dividend. Purchasing the stock before the date of record does not guarantee eligibility for the dividend payment.

Which Is Correct About a Dividend Payment Assuming an Investor