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LSDefine
Simple English definitions for legal terms
declaration date
Read a random definition: non omittas propter liberatem
A quick definition of declaration date:
A declaration date is the day when a company's directors announce that they will pay a dividend to their shareholders. This means that the company will give some of its profits to the people who own its stock. The declaration date is important because it lets shareholders know when they can expect to receive their dividend.
A more thorough explanation:
Definition: The date when corporate directors declare a dividend.
Example: If a company's board of directors declares a dividend on May 1st, then May 1st is the declaration date.
Explanation: The declaration date is the day when a company's board of directors announces that they will be paying a dividend to their shareholders. This date is important because it determines which shareholders will receive the dividend. If a shareholder owns the stock on the declaration date, they will be eligible to receive the dividend. If they buy the stock after the declaration date, they will not receive the dividend.
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