EveningFall,Inc.pays a quarterly dividend of $3.40 per share.Which of the following statements is most accurate concerning which shareholders will receive the dividend payment?

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The record date is the date on which a company reviews its records to determine which shareholders are entitled to receive the dividend. Shareholders who are identified as owning the stock on the record date will receive the dividend, even if they sell their stock before the dividend checks are mailed. Therefore, option B is the most accurate statement. Option A is incorrect because the dividend is paid to shareholders who are identified as owning the stock on the record date, not the date the dividend is declared. Option C is incorrect because the dividend is not necessarily paid on the same day it is declared. Option D is incorrect because shareholders who own the stock on the record date are entitled to receive the dividend, even if they sell their stock before the dividend checks are mailed.