To receive the next cash dividend,an investor must purchase the stock before the:

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The ex-dividend date is the date on or after which a stock trades without its dividend. Therefore, investors must purchase the stock before this date to be eligible for the next cash dividend. The dividend declaration date is when the board of directors announces the upcoming dividend amount and payment date. The date of record is the date when the company reviews its shareholder list to determine who is eligible to receive the dividend. The payment date is when the actual dividend is issued to eligible shareholders.

To Receive the Next Cash Dividend,an Investor Must Purchase the Stock