Which of the following statements is true? a. Winsome and Losesome declared a di
ID: 2819289 • Letter: W
Question
Which of the following statements is true?
a.
Winsome and Losesome declared a dividend to shareholders of record on Monday, February 10, which is payable on Wednesday, February 25. Julie knows that once her dividend check is mailed that it takes two business days for the check to arrive in her mailbox. Julie should expect to receive her dividend check on February 12.
b.
The ABC Co. declared a dividend to holders of record on Friday, October 12, which is payable on Friday, October 26. Gilbert purchased 100 shares of ABC Co. stock on Tuesday, October 9. Gilbert is entitled to 25% of the October 26 dividend on the 100 shares.
c.
If Tuesday, May 11, is the ex-dividend date on ADL, Inc., stock, then Thursday, May 13 is the record date.
d.
XYZ declared a dividend of $.80 a share. The ex-dividend date is tomorrow. All else constant, you would expect the opening price tomorrow morning to be higher by an amount approximately equal to the after-tax value of the dividend.
a.
Winsome and Losesome declared a dividend to shareholders of record on Monday, February 10, which is payable on Wednesday, February 25. Julie knows that once her dividend check is mailed that it takes two business days for the check to arrive in her mailbox. Julie should expect to receive her dividend check on February 12.
b.
The ABC Co. declared a dividend to holders of record on Friday, October 12, which is payable on Friday, October 26. Gilbert purchased 100 shares of ABC Co. stock on Tuesday, October 9. Gilbert is entitled to 25% of the October 26 dividend on the 100 shares.
c.
If Tuesday, May 11, is the ex-dividend date on ADL, Inc., stock, then Thursday, May 13 is the record date.
d.
XYZ declared a dividend of $.80 a share. The ex-dividend date is tomorrow. All else constant, you would expect the opening price tomorrow morning to be higher by an amount approximately equal to the after-tax value of the dividend.
QUESTION 4 , Fetruary 10, which s pavable on Wednesday, Febnuary 25. Juke knows that once her divisdernd check is mailed that O a Winsome and Losesome declared a dividend to shareholders of record on Monday O b. The ABC Co declared a dividend to holders of record on Friday, ctober 12, which is payable on F riday, October 26 Gilbert purchased 100 shares of ABC Co stock on Tuesday, Oclober 9 Glbert is entitled to 25% ofthe October 26 dividend on the 100 shares O &. IH Tuesday, May 11, is the o d XYZ declared a dividend of s 80 a share. The ex-dividend date is tomorrow All else constant, you would expect the opening price tomorow moning to be higher by an amount approximately equal to date on ADL, Inc., stock, then Thursday, May 13 is the record date the after-tax value of the dividendExplanation / Answer
Option C.
If Tuesday, May 11, is the ex-dividend date on ADL, Inc., stock, then Thursday, May 13 is the record date. the difference of 2 days is given to provide the custodian time to register the names of new shareholders who are entitled to receive the Dividend
The provided remaining options are not correct.
If Tuesday, May 11, is the ex-dividend date on ADL, Inc., stock, then Thursday, May 13 is the record date. the difference of 2 days is given to provide the custodian time to register the names of new shareholders who are entitled to receive the Dividend
The provided remaining options are not correct.
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