16-3 Dividend payments Cash Dividend Payment of cash by the firm to its shareholders Ex-Dividend date- Date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend Record date- Person who owns stock on this date received the dividend Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 16- 3 Irwin/McGraw-Hill Dividend Payments Record Date - Person who owns stock on this date received the dividend. Ex-Dividend Date - Date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend. Cash Dividend - Payment of cash by the firm to its shareholders