Caterpillar (CAT) announced on Dec. 12, 2012 that it would pay a last quarter dividend of...

 

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Caterpillar (CAT) announced on Dec. 12, 2012 that it would pay a last quarter dividend of $0.52 on Dec. 31, 2012. The date of record was Dec. 24, 2012. Katy bought 300 shares on Nov. 15, John sold 200 shares on Dec. 23, and Kayla sold 100 shares on Dec. 29 that she bought long time ago. Who are entitled to the dividend? Caterpillar (CAT) announced on Dec. 12, 2012 that it would pay a last quarter dividend of $0.52 on Dec. 31, 2012. The date of record was Dec. 24, 2012. Katy bought 300 shares on Nov. 15, John sold 200 shares on Dec. 23, and Kayla sold 100 shares on Dec. 29 that she bought long time ago. Who are entitled to the dividend?

Answer rating: 100% (QA)

In order to be entitled to receive the dividend payment an investor must hold the shares on ... View the full answer