6. Dividendpayment procedure When a company pays a dividend, it isn't as simple as getting a paycheck from one's employe

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6 Dividendpayment Procedure When A Company Pays A Dividend It Isn T As Simple As Getting A Paycheck From One S Employe 1 (25.65 KiB) Viewed 67 times

6. Dividendpayment procedure When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates in the dividend payment process. Identify which critical dividend date relates to each of the statements, Declaration Date Holder-of- Record Date Ex-Dividend Date Payment Date o Statements Omnitrode Inc's board of directors declared that whoever is listed as the owner of the stock on this date will receive the dividend for this year. Omnitrode Inc.'s board of directors set this date as the date on which the right to the current dividend no longer accompanies the stock Omnitrode Inc. actually sent the dividend checks to stockholders on this date. o . O O o o O o Omnitrode Inc.'s board of directors announced that it will pay a $1 million dividend in three months on this date