Asked by
Ashley Farcas
on Nov 13, 2024
Verified
The day on which the board of directors of the corporation distributes a dividend is called the declaration date.
Declaration Date
The date on which a company announces its next dividend payment, specifying the dividend amount, ex-dividend date, and payment date.
Board of Directors
A group of individuals elected by shareholders to oversee the management of a corporation, making key decisions and setting policies.
Dividend
A payout of a portion of a company's earnings to its shareholders, usually decided by the board of directors.
- Understand the importance of dividend dates and the procedure involved in declaring and disbursing dividends to shareholders.
Verified Answer
MI
Learning Objectives
- Understand the importance of dividend dates and the procedure involved in declaring and disbursing dividends to shareholders.