Canadian Securities Course (CSC) Practice Exam

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Study for the Canadian Securities Course Exam with our comprehensive practice test. Explore flashcards and multiple-choice questions, each with detailed hints and explanations. Prepare for your CSC exam with confidence!

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When does the dividend record date occur?

1 day after the dividend payment
1 day before ex dividend
Date at which shareholders receive the dividend
3 days after cum dividend

The correct answer is: Date at which shareholders receive the dividend

The dividend record date occurs on the date at which shareholders are officially listed as owning the stock and are therefore entitled to receive the dividend payment. Options A, B, and D are incorrect because they specify a specific number of days before or after a dividend-related event, rather than the exact date of the record date. This question tests your understanding of the timing of dividend payments and the significance of the record date in determining who is eligible to receive the dividend.