Assume that on January 1 a firm announces that on June 30 they will pay a dividend of $2.50 per share to holders of record on March 30. When does the stock sell ex-dividend?

Question

Quizplus · Accepted Answer

The ex-dividend date is typically two days before the record date. In this case, the record date is March 30, so the ex-dividend date would be March 28. Therefore, choice C is the correct answer.

Assume That on January 1 a Firm Announces That on June