The record date is the date when the company checks its records to determine which shareholders are eligible to receive the dividend.
Understanding key financial terms is crucial for any investor. One such term is the ex-dividend date, which is when a company determines which shareholders will receive the announced dividend. This date is usually set 2 days before the record date, which is when the company reviews its records to determine eligible shareholders. As an investor, it's important to be aware of these dates to make informed decisions.
