The date of record is the date ________.
A)on which the board of directors of a corporation announces that a dividend will be paid
B)used to determine exactly who will receive dividends
C)when cash is actually paid to the shareholders
D)when earnings are declared

Question

Quizplus · Accepted Answer

The date of record is used to determine exactly who will receive dividends. This means that shareholders who are on record as owning shares on the date of record will be eligible to receive the dividend, regardless of whether they sell their shares before the dividend is paid. The other options (A, C, and D) relate to other important dates in the dividend payment process but are not the date of record.

The Date of Record Is the Date ________