MNOP Inc.declared a $1.00 dividend with a record date of Thursday,September 15,and a payment date of Thursday,October 20.Cheri wants to purchase stock and receive the dividend.What is the latest date that she needs to have purchased the stock in order to receive the dividend?

Question

Quizplus · Accepted Answer

For her to receive the dividend, she must own the stock before the ex-dividend date of September 13, which is two business days before the record date.

MNOP IncDeclared a $1