Problem 10-06

On Thursday, June 1, the board of directors of ABC declares a 25-cent-per-share dividend to shareholders of record as of Tuesday, June 27. The dividend will be paid on Wednesday, July 12.

1. What is the declaration date?

   The declaration date is -Select-June 1June 27June 25July 12Item 1 .

2. What is the date of record?

   The date of record is -Select-June 1June 27June 25July 12Item 2 .

3. What is the ex-dividend date?

   The ex-dividend date is -Select-June 1June 27June 25July 12Item 3 .

4. What is the payment date?

   The payment date is -Select-June 1June 27June 25July 12Item 4 .