Answer-first summary for fast verification
Answer: 1 August.
The correct answer is **A (1 August)** because the ex-dividend date (or ex-date) is the first date a share trades without the dividend. To be entitled to the dividend, an investor must purchase shares no later than one business day before the ex-date, which is 1 August in this case. - **B (2 August)** is incorrect as the ex-date itself is the first day shares trade without the dividend. Purchasing on this date would not entitle the investor to the dividend. - **C (4 August)** is incorrect because the holder-of-record date (5 August) is irrelevant for determining the last purchase date for dividend entitlement. The critical date is the business day before the ex-date.
Author: LeetQuiz Editorial Team
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An analyst gathers the following information about a company's dividend payment chronology:
The last date an investor can purchase the company's stock and be entitled to receive the dividend is most likely:
A
1 August.
B
2 August.
C
4 August.
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