Quiz Ch 14 – Assessing Statements on Stock Dividends and Repurchases
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition
Which statement is accurate regarding stock dividends and repurchases?
Which statement is accurate regarding stock dividends and repurchases?
Which statement accurately describes the comparison between cash dividends and stock repurchases?
Davidson Interiors declared a dividend payable on Monday, November 2, to holders of record on Thursday, October 15. Suenette purchased 200 shares on Monday, October 12, while Jake purchased 100 shares on the following day. Based on this information, which statement accurately describes their eligibility to receive the dividend?
Davis Engineering announced a dividend payable on Friday, February 26, to shareholders of record on Monday, February 8. Dividend checks typically arrive three business days after being written. Based on this, when should Carla anticipate receiving her dividend check? Assume a 365-day year.
Which best describes a regular cash dividend?
On which specific date is the decision made regarding which shareholders will receive a dividend payment?
In relation to Alpha stock, considering Tuesday, December 1, as the ex-dividend date, which date represents the record date? Assume no banking holidays occur.
What is the term for a payment made by a company to its shareholders, funded from a source other than its retained earnings?
On which specific date are dividend checks typically mailed to shareholders?
Which represents the date when a firm’s board of directors approves the payment of a dividend by passing a resolution?