On the date of record for a dividend,the company ________.

Name: On the date of record for a dividend,the company ________.
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Question

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On the date of record for a dividend, the company determines who owns the shares of stock on that date, as those shareholders are eligible to receive the dividend payout. The company does not issue new shares of stock or disburse dividend payments on that date. However, the company does record the dividend payable amount on that date for financial reporting purposes.

On the Date of Record for a Dividend,the Company ________