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On Thursday 22 July, National Engineering's Board of directors declared a final dividend of 18 cents per share payable on Thursday 20 August, to shareholders

On Thursday 22 July, National Engineering's Board of directors declared a final dividend of 18 cents per share payable on Thursday 20 August, to shareholders of record. When is the ex-dividend date? Explain to a shareholder what occurs if shares are acquired during the ex-dividend period. write a brief note on this.

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