Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Finra Exam Series-6 Topic 10 Question 79 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 79
Topic #: 10
[All Series-6 Questions]

On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of $0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were scheduled to be mailed on Friday, October 15th. In this scenario, the ex-dividend date is:

Show Suggested Answer Hide Answer
Suggested Answer: D

Upon receiving a complaint about one of its member firms, FINRA may require any person associated with the member firm to provide information and to testify under oath; it may inspect and copy the books, records, and accounts of the member firm; and it may share information obtained from its investigation of a member firm with a foreign regulatory agency. The foreign regulator must agree to treat the information confidentiality, and the agreement with the foreign regulator is predicated on two requirements: ''(A) the other regulator party to the agreement must have jurisdiction over common regulatory matters; and (B) the agreement must require the other regulator to reciprocate and share with FINRA information of regulatory interest or concern to FINRA.''


by Jina at Jun 03, 2024, 04:20 PM

Limited Time Offer

25%

Off

Get Premium Series-6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Mary
17 days ago
Maybe they should have announced the dividend on National Lemonade Day, since it's all about that 'lemon squeezy' ex-dividend date!
upvoted 0 times
...
Jose
18 days ago
I'm pretty sure the ex-dividend date is Friday, September 17th. It's the standard practice to set the ex-dividend date two business days before the record date.
upvoted 0 times
...
Veronique
22 days ago
Aha! The ex-dividend date is Friday, September 17th. That's two business days before the record date of September 21st. Easy peasy, lemon squeezy!
upvoted 0 times
Catarina
3 days ago
A) Friday, August 6th.
upvoted 0 times
...
...
Troy
1 months ago
Hmm, this is a tricky one. I'm going to go with option D, 'none of the above.' The ex-dividend date doesn't seem to be clearly stated in the information provided.
upvoted 0 times
Eric
8 days ago
I agree with you, I also think it's option C.
upvoted 0 times
...
Torie
21 days ago
I'm leaning towards option C, Tuesday, September 21st.
upvoted 0 times
...
Nan
22 days ago
I think the ex-dividend date is actually Friday, September 17th.
upvoted 0 times
...
...
Silva
2 months ago
I think the ex-dividend date is Friday, September 17th. The record date is September 21st, and the ex-dividend date is usually two business days before the record date.
upvoted 0 times
Norah
9 days ago
B) Friday, September 17th.
upvoted 0 times
...
Jess
28 days ago
A) Friday, August 6th.
upvoted 0 times
...
...
Jeanice
2 months ago
Hmm, I see your point. Since shareholders of record are as of September 21st, the ex-dividend date should be before that date. So, it must be Tuesday, September 21st.
upvoted 0 times
...
Lonny
2 months ago
Actually, I believe the ex-dividend date is Tuesday, September 21st.
upvoted 0 times
...
Jeanice
2 months ago
I think the ex-dividend date is Friday, September 17th.
upvoted 0 times
...

Save Cancel