At a firm's quarterly dividend meeting held April 9, the directors declared a $0.50 per share cash dividend for the holders of record on Monday, May 1. The firm's stock will sell ex-dividends on

Question

Quizplus · Accepted Answer

According to the information provided, the dividend meeting was held on April 9 and the stock will sell ex-dividends on the second business day before the record date, which is May 1. Therefore, the ex-dividend date is April 27, making option D the correct choice. Options A and C are incorrect because they are before the dividend meeting and before the record date, respectively. Option B is also incorrect because it is after the record date.

At a Firm's Quarterly Dividend Meeting Held April 9, the Directors