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At the quarterly dividend meeting, wood shoes declared a cash dividend of $1.10 per share for holders of record on Monday, July 10. the firm has 300,000 shares of common stock outstanding and has set a payment date of July 31. The ex- dividend date is 7 July.
What do you mean by the Ex - Dividend date?
The first business day following the payment of the stock dividend is when the ex-dividend date is set (and is also after the record date). Your right to the stock dividend is also forfeited if you sell your stock before the ex-dividend date.
The day when a stock trades without the benefit of the following scheduled dividend payment is known as the ex-dividend date.
Instead, the prior owner receives the payout. The day prior to the trade's record date is known as the ex-dividend date. The ownership of the stock is finally transferred as of the record date.
Therefore, at the quarterly dividend meeting, wood shoes declared a cash dividend of $1.10 per share for holders of record on Monday, July 10. the firm has 300,000 shares of common stock outstanding and has set a payment date of July 31. The ex- dividend date is 7 July.
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