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Camelot Manufacturing, Inc. issues the following press release: Camelot Manufacturing will pay a quarterly dividend of $1.00 per share on the 20th of the following month to record holders as of the 20th of this month. This announcement was made

Camelot Manufacturing, Inc. issues the following press release: "Camelot Manufacturing will pay a quarterly dividend of $1.00 per share on the 20th of the following month to record holders as of the 20th of this month." This announcement was made on September 3, 2014. Draw a timeline of the dates around this dividend payment. Draw a timeline of the dates around this dividend payment with a two day settlement for stock transactions. Label the announcement date, the ex-date, the record date, and the payment date.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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Financial Management Core Concepts

Financial Management Core Concepts

ISBN: 978-0133866698

3rd edition

Authors: Raymond M Brooks

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Posted Date: October 31, 2017 08:24:46
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