Quantum,Inc.declared a $2 per share dividend on October 1.The date of record is October 20^th,the ex-dividend date is October 18^th,and the payment date is October 31^st.Mitchell owns a share of stock on October 1.Mitchell sells his share to Gene on October 18^th,Gene sells the share to Dimitri on October 20^th,and Dimitri sells the share to Hank on October 30^th.Who will receive the dividend?

Question

Quizplus · Accepted Answer

The Answer of Quantum,Inc.declared a $2 per share dividend on October 1.The date of record is October 20^th,the ex-dividend date is October 18^th,and the payment date is October 31^st.Mitchell owns a share of stock on October 1.Mitchell sells his share to Gene on October 18^th,Gene sells the share to Dimitri on October 20^th,and Dimitri sells the share to Hank on October 30^th.Who will receive the dividend?