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Answer questions 9-12 using the following data: A firm paid a quarterly dividend of $0.10 per...

Answer questions 9-12 using the following data:

A firm paid a quarterly dividend of $0.10 per share in the second quarter of 2020. Important dividend-related events happened on the following dates. .

A. Monday, June 1, 2020

B. Friday, June 19, 2020

C. Friday, July 3, 2020

D. Monday, June 22, 2020

9. The ex-dividend date was...

10. The dividend declaration date was...

11. The dividend payment date was...

12. The holder-of-record date was ...

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Homework Answers

Answer #2

Since dividend is paid in 2nd quarter of 2020, Dividend date must be Friday, July 3 ,2020 as july falls in 2nd quarter of 2020

Now firstly dividend is declared and than a record date is set. Record date is date for determining eligibility for dividend. It means that to be eligible for dividend , one must have stock on record date. To have stock on record date one have to purchase it 2 days before the record date which is know as ex dividend date.

Here Firstly on Monday , June 1,2020 , dividend is declared and recorded of Monday, June 22, 2020 is set, hence ex dividend date is Friday, June 19, 2020

Thus ans)

9) The ex-dividend date :  Friday, June 19, 2020

10) The dividend declaration date : Monday , June 1,2020

11) The dividend payment date : Friday, July 3 ,2020

12) The holder-of-record date : Monday, June 22, 2020

answered by: anonymous
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