Management and Organizational Studies 3311A/B Chapter Notes - Chapter 19: Share Repurchase, Dividend, Tax Rate

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3311A/B
• Professor: Lucas Thung

Document Summary

Different types of dividends: companies usually pay a regular cash dividends. Extreme cases: a liquidating dividend is paid: stock dividends. Standard method of cash dividend payment: 1) cash dividend: i cash, 2) ex-dividend date. The date that determines whether a sh is entitle to a dividend payment: anyone holding shares. Before this date is entitled to a dividend. This is 2 business days prior to the record date. Procedure for cash dividend payment: five dates. Record date: person who owns shares on this date receives the dividend: 1) declaration date. Date on which bod declares a payment of dividends- this is a legal obligation: 2) cum-dividend date the last day that the buyer of a share is entitled to the dividend. 3 business days prior to the record date: 3) ex- dividend date. The first day that the seller of a share is entitled to the dividend. 2 business days prior to record date: 4) record date.