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.
Dictionary of Financial Terms. Ex-dividend is the time period between the announcement and payment of a dividend, while the date of record is the day a shareholder must officially own shares to be entitled to the dividend. The ex-dividend date generally precedes the record date, usually by four business days on the New York Stock Exchange. But a NYSE rule allows the ex-dividend and record dates to be flip-flopped when a dividend is more than 25% of the current stock price.