A customer may purchase the stock for regular-way settlement in order to receive this dividend on Wednesday, October 6.
A cash dividend is when a company pays investors out of its profits in the form of cash (checks or wire transfers). This transfers economic value from the company to its shareholders instead of the company using money to operate.
Cash dividends primarily affect the cash and equity accounts. There is no separate balance sheet account after the dividend is paid. However, after the declaration of dividends and before the actual payment, the company records its liability to shareholders in the dividend payment account.
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