A dividend is declared on January 1, has a with-dividend date of January 19, and a record date of January 26.Which of the following shareholders will not receive the dividend?
A)A shareholder who purchases on December 31.
B)A shareholder who purchases on January 10.
C)A shareholder who purchases on January 19.
D)A shareholder who purchases on January 24.

Question

Quizplus · Accepted Answer

Shareholders who purchase on or after the with-dividend date (January 19) are not eligible to receive the dividend. Therefore, the shareholder who purchases on January 24 will not receive the dividend.

A Dividend Is Declared on January 1, Has a With-Dividend