The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the?

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Livingston

Business

27 September, 04:54

The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the?

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Answers (1)

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Kailyn Montgomery · Answer 1

Record date

Explanation:

Record Date is the date set by the company on which the Investors should hold the shares to be eligible to receive dividend, share split, bonus, rights issue or other gains. It is the date decided by the company to decide which investors are eligible to receive dividends, bonus or rights issue.

Therefore, The November 30 2017 is referred to as the record date.