On January 1,2015,you purchased 100 shares of Toronto Skaters Company.On February 1,2015,the company declared a dividend of $2 per share for shareholders of record on March 15,2015,payable on April 1,2015.Assume the ex-dividend date is March 13,2015.If you wished to receive the dividend,you cannot sell your shares before:

Question

Quizplus · Accepted Answer

To receive the dividend, you must own the shares before the ex-dividend date, which is March 13, 2015.

On January 1,2015,you Purchased 100 Shares of Toronto Skaters Company