Question

The date of record is the cutoff date for the owners who will receive dividends.

1) True
2) False

Answer 1

The date of record is the cutoff date for the owners who will receive dividends.

Step-by-step explanation:

The statement is true. The date of record is the cutoff date for the owners who will receive dividends. It is the date on which a shareholder must officially own shares in order to be eligible to receive dividends. Anyone who owns shares on or before the date of record will receive the dividend payment.