Question

The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the _________.

A. declaration date.
B. record date
C. payment date.
D. ex-dividend date.

Answer 1

Answer:

B. record date

Explanation:

Based on the information provided within the question it can be said that November 30, 2017, is referred to as the record date. In the context of stocks/economics, this term refers to the final date that is used to determine which shareholders will receive cash dividend payments for holding shares of the company. This is only done with shares that specifically pay dividends.