On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share dividend to shareholders of record as of Tuesday, June 13. The dividend will be paid on Wednesday, June 28. a. What is the declaration date? b. What is the date of record? c. What is the ex-dividend date? d. What is the payment date?

On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share dividend to shareholders of record as of Tuesday, June 13. The dividend will be paid on Wednesday, June 28. a. What is the declaration date? b. What is the date of record? c. What is the ex-dividend date? d. What is the payment date?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 14P

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Question

On Thursday, May 18, the board of directors of ABC declares a 30-cent-per-share dividend to shareholders of record as of Tuesday, June 13. The dividend will be paid on Wednesday, June 28.

a. What is the declaration date?

b. What is the date of record?

c. What is the ex-dividend date?

d. What is the payment date?

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