What does record date mean

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Monthly payments from Quarterly Payers. Premium Dividend Research. Dividend News. The date of record is the second step in the dividend payment process. After the board of directors declares a dividend, the company has to make a record of all of its shareholders. You might think this sounds kind of stupid. Well, that might be the case in a small company, but public companies can have millions of shareholders i. Think about it this way.

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