Question

In order to receive the special dividend that the firm announced on July 20, 2020, what...

In order to receive the special dividend that the firm announced on July 20, 2020, what is the latest date on which you have to purchase the firm’s stock, which is publicly traded in the US markets only?

A) End of Day of the Declaration date

B) The day before the Ex-dividend date

C) End of Day of the Record date

D) End of Day of the Ex-dividend date

E) The day before the Record date

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

Option B - The day before the Ex-dividend date

Explanation:

Stock purchase and ownership dates are not the same; to be a shareholder of record of a stock, you must buy shares one day before the ex-dividend or two days before the settlement date. Ex-dividend date is generally one day before settlement date.

Add a comment
Know the answer?
Add Answer to:
In order to receive the special dividend that the firm announced on July 20, 2020, what...
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
  • In order to receive the special dividend that the firm announced on July 20, 2020, what...

    In order to receive the special dividend that the firm announced on July 20, 2020, what is the latest date on which you have to purchase the firm’s stock, which is publicly traded in the US markets only? A) End of Day of the Declaration date B) The day before the Ex-dividend date C) End of Day of the Record date D) End of Day of the Ex-dividend date E) The day before the Record date

  • 4. In order to receive the special dividend that the firm announced on July 20, 2020,...

    4. In order to receive the special dividend that the firm announced on July 20, 2020, what is the latest date on which you have to purchase the firm's stock, which is publicly traded in the US markets only? A) End of Day of the Declaration date B) The day before the Ex-dividend date C) End of Day of the Record date End of Day of the Ex-dividend date E) The day before the Record date

  • 4. In order to receive the special dividend that the firm announced on July 20, 2020,...

    4. In order to receive the special dividend that the firm announced on July 20, 2020, what is the latest date on which you have to purchase the firm’s stock, which is publicly traded in the US markets only? A) End of Day of the Declaration date B) The day before the Ex-dividend date C) End of Day of the Record date D) End of Day of the Ex-dividend date E) The day before the Record date 9. Which one...

  • 4. In order to receive the special dividend that the firm announced on July 20, 2020,...

    4. In order to receive the special dividend that the firm announced on July 20, 2020, what is the latest date on which you have to purchase the firm's stock, which is publicly traded in the US markets only? A) End of Day of the Declaration date B) End of Day of the Ex-dividend date End of Day of the Record date The day before the Ex-dividend date E) The day before the Record date 6. (Let x be the...

  • gooddividend inc. announced that it would pay a dividend of $1 on march 31,2007 to shareholders...

    gooddividend inc. announced that it would pay a dividend of $1 on march 31,2007 to shareholders of record on march 16, 2007. the ex-dividend date is march 14, 2007. when do you need to buy the stock of this company in order to receive this dividend? A. March 13, 2007 B. March 16, 2007 C. March 30, 2007 D. All the above

  • When a company pays a dividend, it isn't as simple as getting a paycheck from one's...

    When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates in the dividend payment process. Identify which critical dividend date relates to each of the statements. Statements Declaration Date Holder-of-Record Date Ex-Dividend Date Payment Date Niagular Corp.'s board of directors announced that it will pay a $1 million dividend in three months on this date. Niagular Corp. actually sent the dividend checks to stockholders on this date. Niagular...

  • Axis Inc. declared a dividend on July 27, 2004 to be payable on September 10, 2004....

    Axis Inc. declared a dividend on July 27, 2004 to be payable on September 10, 2004. The list of shareholders who would be entitled to this dividend would be prepared on August 10, 2004 a) a) Identify the key dates involved with dividend payment b) If Tim bought some shares on August 7, 2004, would he have received the dividend declared for this period? If not, who would receive it? c) You buy a share of stock before the ex‐dividend...

  • can you please solve this On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity...

    can you please solve this On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity accounts: IVANHOE CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 90,000 issued) Retained earnings Total shareholders' equity $1.052,000 550,000 $1,602,000 During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15, July 1 Announced a 2-for-1 stock split. The market price...

  • Please complete the following definitions 2 – a) Which is more critical to the dividend decision,...

    Please complete the following definitions 2 – a) Which is more critical to the dividend decision, earnings or cash flow? Explain. b) Suppose the Board of Directors of The Staten Island Suppliers Co. announces on October 4th that the regular quarterly dividend of 50 cents per share will be payable to the holders of record at the close of business on November 15th 2019. What date is the declaration date, the holder of record date, the ex-dividend date, and the...

  • On July 31, 2020, Whispering Company engaged Minsk Tooling Company to construct a special-purpose piece of...

    On July 31, 2020, Whispering Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery. Construction begun immediately and was completed on November 1, 2020. To help finance construction, on July 31 Whispering issued a $320,400, 3-year, 12% note payable at Netherlands National Bank, on which interest is payable each July 31. $211,400 of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable...

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