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vlabodo [156]
3 years ago
9

A company’s dividend policy refers to the manner in which a firm distributes its earnings to shareholders. Georia Industries Inc

. recently paid a dividend to its shareholders. The following table offers a timeline of events surrounding the dividend.
Date Event
January 12 Declaration date
February 12 With-dividened date
February 13 Ex-dividened date
February 15 Holder-of-record date
March 24 Payment date
Based on this information:
1. The date on which investors are aware of the size and timing of a future dividend payment is_____.
2. The last day that an investor can buy a share of Sonaiya Development Group.'s stock and still be entitled to the dividend is_____.
3. The day when Sonaiya Development Group. will actually pay the dividend is If Victor buys 10 shares of Sonaiya Development Group. will actually pay the dividend is_____.
If Victor buys 10 shares of Sonaiya Development Group. stock from Susan, by what business date must Victor inform the company that he owns the shares so that he is eligible to receive the recently announced dividend payment?
A. March 24.
B. February 12.
C. February 15.
D. January 12.
Business
1 answer:
Montano1993 [528]3 years ago
3 0

Answer:

Dividend Policy at Georia Industries Inc.

1.  The date on which investors are aware of the size and timing of a future dividend payment is_____.  January 12 Declaration date

2. The last day that an investor can buy a share of Sonaiya Development Group.'s stock and still be entitled to the dividend is_____.  February 12 With-dividend date

3. The day when Sonaiya Development Group. will actually pay the dividend is If Victor buys 10 shares of Sonaiya Development Group. will actually pay the dividend is_____.  March 24 Payment date

If Victor buys 10 shares of Sonaiya Development Group. stock from Susan, by what business date must Victor inform the company that he owns the shares so that he is eligible to receive the recently announced dividend payment?  February 12 With-dividend date

B. February 12.

Explanation:

The most important dates for dividends at Georia are the declaration date, The holder-of-record date, and the payment date.  The declaration date is the date that the company's directors decide to announce that dividend will be paid to stockholders of record.   The holder-of-record date is the date that a stockholders will know if he or she will receive dividend for that period, because only holders of record are paid dividends.  If a stockholder's share is not registered before that date, then the stockholder is not entitled to dividends.  The last date is, of course, the payment date.  However, in accounting for the dividend transaction, only two dates are important: the declaration date and the payment date.

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Answer:

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