AFB Corp. Declared a $1.
00 dividend on January 5th, with an ex-dividend date of January 19th,
a record date of January 21st, and a payment date of March [Link] purchased AFB stock on
January [Link] of the following statements is MOST correct?
A) Doug will not receive the dividend because he purchased the stock after the declaration date.
B) Doug will not receive the dividend because he purchased the stock prior to the record date.
C) Doug will receive the dividend if he still sells his stock on January 20th because he owned the
stock on the ex-dividend date.
D) Doug will receive the dividend if he still owns the stock on January 21st, even if he sells the
stock before the payment date.
Plantain, Inc. declared a dividend of $1 per share on March 1. The ex-dividend date is March
15th,and the payment date is April [Link] most likely record date is
A) February 27th. B) March 17th. C) March 13th. D) March 29th.
Evening Fall, Inc. pays a quarterly dividend of $3.40 per share. Which of the following
statements is most accurate concerning which shareholders will receive the dividend payment?
A) The shareholders who own the stock on the date the dividend is declared will receive the
dividend, even if they sell their stock before the dividend checks are mailed.
B) The shareholders who are identified as owning the stock on the record date will receive the
dividend, even if they sell their stock before the dividend checks are mailed.
C) The shareholders who own the stock the day the dividend is paid will receive the dividend.
D) All shareholders who own the stock on the record date, but sell the stock before the dividend
checks are mailed, forfeit their right to receive the dividend and the money reverts back to the
corporation.
The final approval of a dividend payment comes from
A) the controller.
B) the president of the company.
C) the board of directors.
D) It is a joint decision requiring approval from all of the above.
How frequently do corporations generally pay dividends?
A) annually B) semiannually C) quarterly D) monthly
The correct order of dividend process dates is
A) date of record, declaration date, ex-dividend date, payment date.
B) declaration date, date of record, ex-dividend date, payment date.
C) ex-dividend date, date of record, declaration date, payment date.
D) declaration date, ex-dividend date, date of record, payment date.
Quantum, Inc. declared a $2 per share dividend on October [Link] date of record is October
20th,the ex-dividend date is October 18th,and the payment date is October [Link] owns a
share of stock on October [Link] sells his share to Gene on October 18th,Gene sells the share
to Dimitri on October 20th,and Dimitri sells the share to Hank on October [Link] will receive
the dividend?
A) Mitchell
B) Gene
C) Dimitri
D) Hank
Dividends generally
A) are paid as a fixed percentage of earnings.
B) fluctuate more than earnings.
C) are guaranteed by the SEC.
D) are more stable than earnings.
