SIE Exam Practice Question 191
Question: 191
What is the last date that ABC Corporation stock can be purchased to receive the dividend?
On November 1, ABC Corporation declared a $0.25 dividend to shareholders of record on Monday, December 5, payable on December 15.
Correct Answer: A
Explanation:
The last date that ABC Corporation stock can be purchased to receive the dividend is December 1. The record date is Monday, December 5, so that makes the ex-dividend date Friday, December 2. Since investors must own shares of the stock before the ex-dividend date to receive a dividend, the last day to purchase ABC Corporation stock would be Thursday, December 1.
More Tests
- SIE Exam Practice Test 1
- SIE Exam Practice Test 2
- SIE Exam Practice Test 3
- SIE Exam Practice Test 4
- SIE Exam Practice Test 5
- SIE Exam Practice Test 6
- SIE Exam Practice Test 7
- SIE Exam Practice Test 8
- SIE Exam Practice Test 9
- SIE Exam Practice Test 10
- SIE Exam Practice Test 11
- SIE Exam Practice Test 12
- SIE Exam Practice Test 13
- SIE Exam Practice Test 14
- SIE Exam Practice Test 15
- SIE Exam Practice Test 16
- SIE Exam Practice Test 17
- SIE Exam Practice Test 18
- SIE Exam Practice Test 19
- SIE Exam Practice Test 20