The date on which the board of directors passes a resolution authorizing payment of a dividend to the shareholders is the ________ date.

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The date on which the board of directors passes a resolution authorizing payment of a dividend to the shareholders is called the declaration date. This is when the board officially announces the dividend and sets the amount and payment date. The ex-rights date is the date on which shareholders lose their rights to participate in a new issue of shares, and ex-dividend date is the date on which a stock starts trading without the value of its next dividend payment. The record date is the date on which a company closes its books to determine which shareholders are eligible to receive the dividend payment. The payment date is the date on which the dividend is actually paid out to the shareholders.

The Date on Which the Board of Directors Passes a Resolution