Unformatted text preview: Stock split increases the number of shares outstanding Standard Method of Cash Dividend Payment Decision to pay dividned in hands of board of directors 1. Declaration date: Board of directors declares payment of dividends (JAN. 15) Becomes a liability of the firm 2. Record Date: The declared dividends are distibutablew to shareholders of (JAN. 30) record on a specific date. 3. Ex-dividend Date: Share of stock becomes ex-dividend on the date the seller is (JAN. 28) entitle to keep the dividend Shares are traded exdivicdend on and after the second business day before the record date 4. Payment Date: The dividend checks are mailed to shareholders of record (FEB. 16)...
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This note was uploaded on 10/06/2010 for the course FNCE 100 taught by Professor Jaffe during the Spring '10 term at UNC Asheville.
- Spring '10