The directors of Almond and Sons met on Friday, February 5. They declared that the first-quarter dividend was to be paid on Friday, April 9, with a record date of Friday, March 12. When is the ex-dividend date?

Question

Quizplus · Accepted Answer

The ex-dividend date is typically set two business days before the record date. Therefore, the ex-dividend date for this dividend would be Wednesday, March 10, which is two business days before the record date of Friday, March 12.

The Directors of Almond and Sons Met on Friday, February