Which of the following below correctly states the sequence of dates related to dividends on common stock?
A)Board of directors date,Date of declaration,Date of payment
B)Declaration date,Date of record,Date of payment
C)Date of record-Declaration date,Date of payment
D)Declaration date,Date of Payment,Date of distribution

Question

Quizplus · Accepted Answer

The declaration date marks the official approval of the dividend by the board of directors and the date the company becomes liable for paying the dividend to shareholders.This date precedes the date of record,at which time the corporation finalizes its list of shareholders.The date of record is followed by the date of payment where dividends are disbursed to shareholders.

Which of the Following Below Correctly States the Sequence of Dates