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.
Now that we know to subtract three days from the record date in order to determine the must-own date, let's apply this rule to a specific example. Lockheed Martin (LMT), which is a holding in the model portfolio of my Dividend Stock Advisor newsletter, declared its latest quarterly dividend of $1.50 a share.