Which Is Correct About a Dividend Payment Assuming an Investor

Multiple Choice

Which is correct about a dividend payment assuming an investor purchases a stock after the ex-dividend date?

A) The investor is entitled to the dividend because ownership of the stock precedes the payment date.
B) The investor is not entitled to the dividend.
C) The investor may be entitled to the dividend because it is possible for the investor to purchase the stock prior to the date of record.
D) The investor is not entitled to the dividend because stock ownership did not precede the declaration date.