Question: 19. CDE Corporation declared a $2 per share dividend on October 1. The date of record is October 20 th , the ex-dividend date is

19.

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

Joe

Mary

Tom

No one, since the share was not owned consistently by one person over the period.

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