On the date of record,the stock price drop related to the dividend is

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On the date of record, the dividend declaration and distribution have not yet taken place. Therefore, there is no adjustment for the dividend payment, and the stock price remains unchanged. The adjustment occurs on the ex-dividend date, which is usually two business days before the record date. On this day, the stock price will typically drop by the amount of the dividend.

On the Date of Record,the Stock Price Drop Related to the Dividend