The critical dividends dates as they relate to each of the statements are given as follows:
1 - Omnitrode Inc's board of directors declared that whoever is listed as the owner of the stock on this date will receive the dividend for this year. - Holder-of-Record Date.
2 - Omnitrode Inc's board of directors set this date as the date on which the right to the current dividend no longer accompanies the stock.
- Ex-Dividend Date.
3 - Omnitrode Inc. actually sent the dividend checks to stockholders on this date - Payment Date.
4 - Omnitrode Inc's board of directors announced that it will pay a $1 million dividend in three months on this date. - Declaration Date.
Holder-of- The Record Date is the date on which the holder of the stock on that date is listed in order to pay the dividend to the shareholders.
The Ex-Dividend Date is the date after which investors no longer have the right to dividends with their stock purchases.
The Payment Day is the date the dividend is ultimately sent for payment; while
Declaration Day is the date on which the dividend announcement is issued, i.e. the dividend is declared.
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Full Question:
Dividend payment procedure
When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates in the dividend payment process. Identify which critical dividend date relates to each of the statements,
