The ________ is the date on which the board of directors announces the amount of the dividend.

Question

Quizplus · Accepted Answer

The declaration date is the date on which the board of directors announces the amount of the dividend. The announcement date refers to when the company announces that a dividend will be paid. The dividend date is the day on which the dividend is paid to shareholders who are on record as of the ex-dividend date. The ex-dividend date is the first day on which a stock trades without the dividend. The maturity date is the date on which a bond or other fixed-income security matures and the principal is repaid. None of these definitions match the given question as closely as the definition for the declaration date.

The ________ Is the Date on Which the Board of Directors