SIE Exam Question 1016: Answer and Explanation

Question: 1016

____ The date that the board of directors approves and decides that a dividend will be paid.

• A. Date of declaration
• B. Ex-dividend date
• C. Date of record
• D. Date of payment

Correct Answer: A

Explanation:

The date of declaration is the date that the board of directors approves and decides that a dividend will be paid.