Declaration Date

Definition - What does Declaration Date mean?

Declaration Date is the day when the board of directors of a corporation elects to pay a dividend to shareholders.

Testopedia explains Declaration Date

Corporations that pay dividends to stockholders must officially declare the dividend for payment. The board of directors must vote for and approve the payment of all common and preferred stock dividends. All dividends will be paid to shareholders who own the shares on the record date.

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