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The "primacy effect" refers to the fact that:
Receive the Dividend
The process where shareholders are paid a portion of the company's earnings, typically in cash or additional shares.
Declaration Date
The date on which a firm’s board of directors declares a dividend.
Earnings Per Share
A company's net profit divided by the number of its shares outstanding, indicating the amount of earnings attributable to each share of stock.
Payment Date
The date on which a dividend check is mailed.
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