what is proprietorship business? Proprietorship or sole proprietorship which is also known as sole trader, is a type of business entity owned and operated by one person. It is also like a individual giving business name for himself to perform business activities professionally.
Consider an example. Assume company Alpha has declared a dividend of $1 payable on May 1, 2015 to shareholders of record as of April 10, 2015. The record date is therefore April 10, 2015 and the ex-dividend date is two business days before the record date, or April 8, 2015.
IBM's dividends are normally paid on the 10th of March, June, September and December. The dividend record date normally precedes the dividend payment date by approximately one month. As a registered stockholder, you are entitled to receive any cash dividends paid by IBM on the shares you hold on a record date. Current dividends, as well as future payments, are typically determined by the Board of Directors. When the Board declares a dividend, they also establish a dividend record date.