On Thursday 22 July, National Engineering's Board of directors declared a final dividend of 18 cents per share payable on Thursday 20 August, to shareholders of record. When is the ex-dividend date? Explain to a shareholder what occurs if shares are acquired during the ex-dividend period. write a brief note on this.

Answer rating: 100% (QA)

To find the exdividend date we need to backtrack from the dividend payment date by the number of day... View the full answer