Multiple Choice
DAS,Inc.declared a $0.50 per share dividend on June 1.The date of record is June 20th,the ex-dividend date is June 18th,and the payment date is June 31st.Andre owns a share of stock on June 1.Andre sells his share to Brett on June 19th,and Brett sells the share to LaMarcus on June 29th.Who will receive the dividend?
A) Andre
B) Brett
C) LaMarcus
D) no one, since the share was not owned consistently by one person over the period
Correct Answer:
Verified
Correct Answer:
Verified
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