The liability for a dividend is recorded on which of the following dates?

A) the date of record
B) the date of payment
C) the last day of the fiscal year
D) the date of declaration

Date of Declaration

The date on which a company’s board of directors announces the distribution of a dividend or other important decision.

Date of Record

The specific date set by a corporation’s board of directors after which the shareholders on record will be entitled to receive dividends or stock rights.