A dividend will be paid to shareholders on Friday, May 9. To receive this dividend you must purchase the stock no later than:

Question

Quizplus · Accepted Answer

To receive a dividend, you must purchase the stock before the ex-dividend date, which is typically two business days before the record date. If the dividend is paid on Friday, May 9, and assuming the record date is Thursday, May 8 (the day before the payment), the ex-dividend date would be Tuesday, May 6.

A Dividend Will Be Paid to Shareholders on Friday, May