The date the directors vote to declare and pay a dividend is called the:
A)Date of stockholders' meeting.
B)Date of declaration.
C)Date of record.
D)Date of payment.
E)Liquidating date.

Question

Quizplus · Accepted Answer

The date on which the directors vote to declare and pay a dividend is called the date of declaration. This is when the board of directors officially approves the dividend and announces the amount and payment date. The other choices are not accurate descriptions of this specific date.

The Date the Directors Vote to Declare and Pay a Dividend