The Date of Record Is the Date That

question 99

Multiple Choice

The date of record is the date that:

• A)the board of directors announces a dividend will be paid.
• B)the dividends will be transferred to the shareholders.
• C)the shareholders purchased the stock.
• D)will determine which shareholders receive the dividends.

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Definitions:

Nonparticipating

A term often used in insurance and investment indicating that the holder or policy does not have the right to share in dividends or profits.