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CDE Corporation Declared a $2 Per Share Dividend on October

Question 73

Multiple Choice

CDE Corporation declared a $2 per share dividend on October 1.The date of record is October 20th,the ex-dividend date is October 18th,and the payment date is October 31st.Joe owns a share of stock on October 1.Joe sells his share to Mary on October 19th,and Mary sells the share to Tom on October 29th. Who will receive the dividend?


A) Joe
B) Mary
C) Tom
D) No one, since the share was not owned consistently by one person over the period.

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