Explanation:
The correct answer is C because the dividend payment chronology begins with the declaration date, when the company announces the dividend. The ex-dividend date follows, marking the first day the stock trades without the dividend. The record date and payment date occur later in the sequence. This order ensures clarity in ownership and distribution of dividends.
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In the chronology of dividend payments, the ex-dividend date is most likely to occur after which of the following?
A
The record date, which is the date a shareholder must be listed on the company's books to receive the dividend.
B
The payment date, which is when the company disburses the dividend to shareholders.
C
The declaration date, which is when the company announces the dividend.