Quiz Ch 14 – T/F Ex-Dividend Date Impact on Stock Price
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition
True or false: If a company announces a dividend of $1.50 per share on January 3, with payment set for January 31 to shareholders on record by January 17, then the stock price is expected to decrease by around $1.50 on January 15, the ex-dividend date.