Answer-The 'Ex-dividend date' for a share is the date on which:

The Ex-dividend date is set by the stock exchange. Anyone who purchases the share on or after this date will not receive the recently declared dividend. The seller of the share retains the right to the dividend.

Question

The 'Ex-dividend date' for a share is the date on

which:

A The company declares the dividend.

B The buyer of the share is not entitled to receive the declared dividend.

C The dividend warrants are posted to shareholders.

D The shareholders approve the dividend in the AGM.

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The 'Ex-dividend date' for a share is the date on

Solution