1. Dividend payment procedure

A companys dividend policy refers to the manner in which a firm distributes its earnings to shareholders. Georia Industries Inc. recently paid a dividend to its shareholders.

The dividend payment procedure usually begins with a .

Shareholders actually receive their dividend check on the announced .

A companys shareholder record book records the names and addresses of the firms shareholders. On the , all of the shareholders whose name is recorded in the record book will be paid the dividend amount announced on the declaration date.

The occurs two days before the holder-of-record date.