The date on which the firm mails out its declared dividends is called the:

Question

Quizplus · Accepted Answer

The date of payment is when the declared dividends are actually paid out to shareholders. The ex-rights date refers to a date when a company issues new rights to its shareholders; the ex-dividend date is the first day that the stock trades without the dividend, meaning buyers of the stock after this date will not receive the upcoming dividend payout; the date of record is the date on which shareholders must be on the company's books in order to be eligible to receive the dividend payout; and the declaration date is the date on which the company announces its dividend payment to shareholders.

The Date on Which the Firm Mails Out Its Declared