Question

MNOP Inc. declared a $1.00 dividend with a record date of Thursday, September 15, and a payment date of Thursday, October 20. Cheri wants to purchase stock and receive the dividend. What is the latest date that she needs to have purchased the stock in order to receive the dividend?

A. September 12
B. September 13
C. September 15
D. September 19
E. October 18

Answer 1

C. September 15

Step-by-step explanation:

since the record date is September 15, She needs to have purchased the stock by September 15 in order to receive the dividend.