Question
Bensons Bakery declared a dividend of $0.95 per share on Friday November 9, payable on Friday December 2 to shareholders of record as of Monday
Bensons Bakery declared a dividend of $0.95 per share on Friday November 9, payable on Friday December 2 to shareholders of record as of Monday November 26. Jack bought 500 shares of Bensons Bakery on Thursday November 22. Anna sold 2,000 shares on Friday November 23.
a) What is the ex-dividend date?
b) Will Jack receive a dividend? If so, how much will he receive? Briefly explain.
c) Will Anna receive a dividend? If so, how much will she receive? Briefly explain.
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
