CDE Corporation 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.Joe owns a share of stock on October 1.Joe sells his share to Mary on October 19^th,and Mary sells the share to Tom on October 29t^h. Who will receive the dividend?

Question

Quizplus · Accepted Answer

Joe will receive the dividend because he owned the share on the date of record, October 20th. The ex-dividend date is October 18th, meaning anyone who buys the stock on or after this date will not receive the dividend. Since Joe sold the share on October 19th, he was still the owner on the record date.

CDE Corporation Declared a $2 Per Share Dividend on October