Question

The date on which the company's Board of Directors passes a resolution to pay a dividend is called the ___ date.

a)ex-dividend
b)decision
c)record
d)declaration

Answer 1

The date on which the company's Board of Directors passes a resolution to pay a dividend is called the declaration date.

Step-by-step explanation:

The correct answer is d) declaration. The date on which the company's Board of Directors passes a resolution to pay a dividend is known as the declaration date. This is when the board formally announces the dividend distribution and sets the dividend amount. It is an important milestone in the dividend payment process.