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  3. 1. dividend payment procedure a company's dividend

1. Dividend payment procedure A company's dividend policy refers to the manner in which a...

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1. Dividend payment procedure A company's dividend policy refers to the manner in which a firm distributes its earnings to shareholders. Pellegrini Southern Inc. recently paid a dividend to its shareholders. Several critical dates play a role in the dividend payment procedure. Identify the critical dividend dates. ex-dividend date declaration date The dividend payment procedure usually begins with a payment date Shareholders actually receive their dividend check on the announced holder-of-record date all of the A company's shareholder record book records the names and addresses of the firm's shareholders. On the shareholders whose name is recorded in the record book will be paid the dividend amount announced on the declaration date. The occurs two days before the holder-of-record date

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