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Corporate Finance

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Dividend Payout Date

CORPFN-JRPCOR

A company declares a dividend on May 1 with an ex-dividend date of May 20, and a record date of May 23.

Which of the following shareholders will receive the dividend?

A

A shareholder who purchases on May 19.

B

A shareholder who purchases on May 20.

C

A shareholder who purchases on May 23.

D

A shareholder who purchases on May 24.