On Monday, August 2^nd, the Board of Directors of Baldor Electric (BEZ) announced that the firm would pay a dividend of $0.17 a share. Payment will be made on Friday, October 8^th to shareholders of record as of Friday, September 17^th.In order to receive this dividend check, an investor would have to purchase shares of Baldor Electric before which day?

Question

Quizplus · Accepted Answer

In order to receive the dividend check, an investor would have to purchase shares of Baldor Electric before Wednesday, September 15^th, the ex-dividend date. The ex-dividend date of a stock is two business days prior to the date of record.

On Monday, August 2nd, the Board of Directors of Baldor

On Monday, August 2^nd, the Board of Directors of Baldor