Answered: Define the dividend date of record and…

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Define the dividend date of record and what is its significance.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 2GI: How does the ex-dividend date differ from the date of record?

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Question

Define the dividend date of record and what is its significance.

Expert Solution

Step 1

Dividend:

It represents a reward or cash paid by the firm from its profits to the shareholders.
Dividends can be issued in many types like stocks, cash payments, or any other form.

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