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.
When a company declares a dividend, generally at the same time as its biannual trading results announcement, it also announces a record date (sometimes also known as the books closing date). Dividends are paid to all investors listed on the companyâs share register at 5:00pm on this record date.