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The date of record is the date on which a corporation mails checks for the amount...

The date of record is the date on which a corporation mails checks for the amount of dividend to stockholders.

Group of answer choices True False

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Answer #1

The date of record is the date on which a corporation mails checks for the amount of dividend to stockholders.

The given statement is false.

A corporation mails checks for the amount of dividend to stockholders on the payment date which comes after the record date.

At the record date, the company determines ownership of the outstanding shares for dividend purposes. No entry is made on the record date. The purpose of the record date is to identify the persons who will receive the dividend.

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