Trading, Accounts & Prohibited ActsQuestion 197 of 398
In the sequence of dividend dates, which date is when the board of directors formally announces that a dividend will be paid?
a.The record date
b.The ex-dividend date
c.The declaration date
d.The payable date
Explanation
The declaration date is when the board announces the dividend and sets the record and payable dates. The ex-dividend date determines who is entitled, the record date identifies shareholders of record, and the payable date is when the dividend is actually paid.
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