The 'record date' is the date on which the board of directors of a company authorises the dividend.

Question

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The 'record date' is the date set by a company's board of directors once they have declared a dividend, to determine which shareholders are eligible to receive the dividend. It is not the date the dividend is authorized but rather the date on which the company determines who will receive the dividend.

The 'Record Date' Is the Date on Which the Board