Question
On May 9, the board of directors of Widgetcorp authorized a regular quarterly dividend of USD 0.25 per outstanding share of the company's common stock.
On May 9, the board of directors of Widgetcorp authorized a regular quarterly dividend of USD 0.25 per outstanding share of the company's common stock. The dividend was payable on July 25 to shareholders of record at the close of business on May 23. The ex-dividend date was May 22. What is the last date on which an investor could buy shares in Widgetcorp and still be entitled to receive this dividend payment?
May 9
May 21
May 22
May 23
July 25
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
