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The board of directors of Beldon, Inc. decided on Friday, March 7, to pay a dividend of $.35 a share on Monday, April 7. The ex-dividend date is Tuesday, March 18. What is the date of record?

a. Fridoy, March 7
b. Monday, March 17
c. Friday, March 14
d. Thursday, March 20
e. Friday, March 21

User Rominus
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1 Answer

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Answer:

D. Thursday, 20th March

Step-by-step explanation:

The date of record is defined as a date when a company makes an identification of every of its current stockholders, which is everyone who has eligibility to get dividend.

The date of record is done using a T+2 process, this means that the transaction would be recorded in the company's record books after two business days of the trade.

Therefore in this question the record date following the explanations above would be Thursday, 20th March.

Which is option D.

User James McMahon
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