A stock you own declares a dividend with a date of payment of December 20 and a date of record of November 15. To receive the dividend, I must buy the share from you on or before_____ , assuming no holidays or weekends are relevant.
A) December 20
B) November 12
C) November 15
D) December 19

Question

Quizplus · Accepted Answer

To receive the dividend, you must own the stock before the ex-dividend date, which is typically one business day before the date of record. Therefore, buying the stock on or before November 12 ensures ownership by the date of record, November 15, considering the standard settlement period of T+2 (transaction date plus two business days).

A Stock You Own Declares a Dividend with a Date