Question

which of the following occurs on the date of record?
a. The company accrues the dividend to be paid.
b. The board of directors declares the dividend.
c. The company pays the dividend.
d. A list of shareholders entitled to receive the dividend is prepared.
e. None of the choices occurs at the date of record.

Answer 1

Option (e), None of the options are true as of the record date.

What is record date of an event?

The issuing corporation establishes a fixed date when the investor must own shares in order to become eligible to engage in corporate events like receiving dividend, bonus shares etc. Record date refers to this.

The record date, which establishes the deadline by which shareholders must be listed on the business's books in order to be entitled to receive dividends on their shares, is decided by the board of directors of a corporation. A stock's price normally drops by the amount of the declared dividend on the ex-dividend day.

If I buy just on record date, would I get the dividend?

Stocks normally have an ex-dividend date set one business day prior to the record date. You won't get the next dividend payment if you buy a stock on the ex-dividend date or later. Instead, the seller gets the dividend. If you acquire well before ex-dividend date, then will get the dividend.

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