On Monday, October 18th, Hassan Electric announced a dividend of $.48 per share. On Friday, October 29th, the dividend will be distributed to shareholders of record as of Monday, November 15th. The ex-dividend date in this case is October 27, a Wednesday.
The day when a company's board of directors declares a dividend payment is referred to as the declaration date or announcement date. It is October 18 in this instance.
The ex-dividend date is typically two business days prior to the record date and is currently established by the NYSE. It is now October 27 in this instance.
The corporation checks to discover who the shareholders of record are on the record date. T+2 business days following the ex-date is the record date. In this instance, the date is October 29. A dividend is paid to investor accounts on the payment day. It is November 15 in this instance.
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