The board of directors of Autauga Corporation declared a cash dividend on July 15,2013,to be paid on August 15,2013,to shareholders holding the stock on August 1,2013.Given these facts,the date August 1,2013,is referred to as the

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August 1, 2013, is referred to as the date of record, which is the date shareholders must be on record to receive the dividend. The date of declaration is the date the dividend is formally announced by the board of directors, July 15, 2013. The ex-dividend date is usually two business days before the date of record, which means that if you buy the stock on or after this date, you will not receive the dividend. The date of payment is the date the dividend is actually paid to shareholders, which is August 15, 2013, in this case.

The Board of Directors of Autauga Corporation Declared a Cash