Question

Builtrite's Board of Directors declared a dividend for those stockholders on record (Holder of Record) Ass...

Builtrite's Board of Directors declared a dividend for those stockholders on record (Holder of Record) Ass of Friday, March 21. Builtrite's stock will begin trading exdivedend on...
Tuesday, March 18th
Wednssday, March 19th
Thursday, March 20
Friday, March 21st
0 0
Add a comment Improve this question Transcribed image text
Answer #1

HI

Ex dividend date is one business day before the record date.

Record date is the date by which shareholders should have share of company to be entitled for dividend.

Here record date = 21 March

Hence ex dividend date = Thursday March 20

Thanks

Add a comment
Know the answer?
Add Answer to:
Builtrite's Board of Directors declared a dividend for those stockholders on record (Holder of Record) Ass...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • On February 5, 2018, Cinch Rental Corporation's board of directors declared a dividend of $0.10, to...

    On February 5, 2018, Cinch Rental Corporation's board of directors declared a dividend of $0.10, to be paid on March 18, 2018, to the shareholders of record as of the close of business on March 9, 2018. Cinch has 3,500,000 shares of $0.01 par-value common stock authorized with 1,300,000 shares issued and outstanding. The company has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record...

  • QUESTION 9 Stock dividends are declared by the board of directors of the company stockholders of...

    QUESTION 9 Stock dividends are declared by the board of directors of the company stockholders of the company chief executive officer of the company chief financial officer of the company

  • 18. On June 15, 20X1, the board of directors of the Harford Company declared a dividend...

    18. On June 15, 20X1, the board of directors of the Harford Company declared a dividend outstanding common stock of $1.25 per share payable on July 31, 20x1, to stock- holders of record on July 11, 20X1. Under which of the following situations would you be entitled to the dividend declared by the Harford Company? 1 on ) You purchased Harford's stock on July 9 and sold it on August 1. 2) You purchased Harford's stock on July 1 and...

  • In March 2018, thel Board of Directors of Token Limited declared a cash dividend, payable the...

    In March 2018, thel Board of Directors of Token Limited declared a cash dividend, payable the first of April. Required: Prepare a residual analysis for the dividend declaration in March In your analysis, include a discussion of the accounts debited and credited.

  • On September 15, 2018, the Scottie Company board of directors declared a 10% stock dividend on...

    On September 15, 2018, the Scottie Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2018, to shareholders of record on October 1, 2018. The market price per share on the date of declaration was $26 while the market price on the date of distribution was $28. The common stock has a par value of $5 per share and there were 1,000,000 shares outstanding prior to the declaration...

  • The board of directors declared a $2 per share cash dividend on common stock and the...

    The board of directors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding and make a journal entry. The journal entry for the dividend payment would be

  • On June 13, the board of directors of Siewert Inc. declared a 6% stock dividend on...

    On June 13, the board of directors of Siewert Inc. declared a 6% stock dividend on its 50 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $33 on June 13 Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Complete...

  • 5 The Board of Directors announces on August 17, 2020 a $1.20 dividend to be paid...

    5 The Board of Directors announces on August 17, 2020 a $1.20 dividend to be paid to shareholders of record on Wednesday, August 26th, to be received on September 15th. Sarah Grosaner plans to purchase the stock and recieve the dividend. What is the last date Sarah can purchase the stock, and recieve the dividend a Wednesday August 26 b. Thursday August 27 c. Friday August 28 d. Monday August 31 e. none of the above 6 Theory that investors...

  • On September 15, 2018, the Scottie Company board of directors declared a 12% stock dividend on...

    On September 15, 2018, the Scottie Company board of directors declared a 12% stock dividend on common shares. The shares are to be distributed on October 10, 2018, to shareholders of record on October 1, 2018. The market price per share on the date of declaration was $23.8 while the market price on the date of distribution was $25.8. The common stock has a par of $5 per share and there were 1,600,000 shares outstanding prior to the declaration of...

  • 12-6 anding on March ch 1.10, and 31 rch 1, the board of directors declared a...

    12-6 anding on March ch 1.10, and 31 rch 1, the board of directors declared a cash dividend of Exercise 12-4 Cash dividend L04 On March 1, the board of direct 127.000 shares issued and outstandi record on March 10, pavable March 31. There were 141 scord the entries for March 1. 10. 2 tional shares had been issued during the month. Record the er Exercise 12-5 Issuing shares LO3, 4 Mainland Resources Inc. began operat occurred during the first...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT