On Friday, August 6^th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of $0.155 a share to shareholders of record as of Tuesday, September 21^st.The dividend checks were scheduled to be mailed on Friday, October 15^th.In this scenario, the ex-dividend date is:

Question

Quizplus · Accepted Answer

The ex-dividend date is Friday, September 17^th in this scenario. It is two business days prior to the date of record, which is Tuesday, September 21^st in this example. Saturday is not considered a business day, so the ex-dividend date is the preceding Friday.

On Friday, August 6th, the Board of Directors of Ecolab

On Friday, August 6^th, the Board of Directors of Ecolab