The board of directors must authorize the amount of the dividend per share and the dates of record and payment of the dividend.

Name: The board of directors must authorize the amount of the dividend per share and the dates of record and payment of the dividend.
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The board of directors is responsible for determining the amount of dividend per share and the dates of record and payment of the dividend. This decision must be authorized by the board before it can be paid to shareholders.

The Board of Directors Must Authorize the Amount of the Dividend