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    Question

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

    which:
    A The company declares the dividend. Correct Answer Incorrect Answer
    B The buyer of the share is not entitled to receive the declared dividend. Correct Answer Incorrect Answer
    C The dividend warrants are posted to shareholders. Correct Answer Incorrect Answer
    D The shareholders approve the dividend in the AGM. Correct Answer Incorrect Answer

    Solution

    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.

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