On Friday, August 6, the board of directors of Cisco Industries declares a $0.22 quarterly dividend payable

Question:

On Friday, August 6, the board of directors of Cisco Industries declares a $0.22 quarterly dividend payable on September 15 to stockholders of record on Tuesday, August 24.When is the ex-dividend date? If you purchase the stock on this date are you entitled to receive the dividend?

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...