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.
That is why the exchange, not the company, sets the ex-dividend date. The most reliable source for a dividend record date is the press release from the company itself announcing the declaration of the dividend. The press release will typically include the declaration date, the record date, and the payment date.