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 corporation's board of directors announces an upcoming dividend payment on the company's stock, the announcement includes the amount of the dividend and two dates. The record date is the date on which all shareholders are recorded, and investors owning stock on that date are entitled to receive the dividend.