Question

The date on which a cash dividend becomes a binding legal obligation is on the

Answer 1

declaration date

Step-by-step explanation:

The dividend declaration date is the date when the board of directors of a company announces the next dividend payment. The declaration date is generally released a few weeks before the actual dividend is paid.

The date of record is the date when the corporation identifies which shareholders will receive the dividend. The date of payment is the actual date when the dividends are distributed.