The ________ designates the date on which the stock transfer books are closed in regard to a dividend payment.
A) declaration date
B) ex-dividend date
C) date of record
D) payment date

Question

Quizplus · Accepted Answer

The date of record is the date on which the company examines its records to determine who the holders of its outstanding shares are. Those shareholders listed on that date as owning the shares are entitled to the dividend payment. The other choices are as follows: 
A) The declaration date is the date on which the company's board of directors announces its intention to pay a dividend.
B) The ex-dividend date is the date on which the stock begins selling without the right to receive the upcoming dividend payment. 
D) The payment date is the date on which the dividend is actually paid to shareholders.

The ________ Designates the Date on Which the Stock Transfer