Atlantis Manufacturing, Inc. issues the following press release: Atlantis Manufacturing will pay a quarterly dividend of $0.50

Question:

Atlantis Manufacturing, Inc. issues the following press release: “Atlantis Manufacturing will pay a quarterly dividend of $0.50 per share to record holders as of the 10th of this month on the 20th of this month.” This announcement was made on July 3, 2009. Draw a timeline of the dates around this dividend payment with a two day settlement for stock transactions. Label the announcement date, the ex-date, the record date, and the payment date.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...