On Tuesday, December 8, Hometown Power Co.s board of directors declares a dividend of 75 cents per
Question:
On Tuesday, December 8, Hometown Power Co.’s board of directors declares a dividend of 75 cents per share payable on Tuesday, January 16, to shareholders of record as of Tuesday, January 2. When is the ex-dividend date? If a shareholder buys stock before that date, who gets the dividends on those shares: the buyer or the seller?
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The exdividend date is a date that is typically two business days before the record date On t...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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