Finra Exam Series-6 Topic 4 Question 55 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 55
Topic #: 4

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 payment date is:

AFriday, August 6th.

BFriday, September 17th.

CTuesday, September 21st.

Dnone of the above.

Show Suggested Answer

Suggested Answer: D

After his market order to buy shares of GOOG is executed, Mr. Shortfall must pay for the shares within 5 business days. If he is unable to do so within this time period, GetErDone can request an extension from FINRA or another SRO for him.

by Elke at Feb 06, 2023, 08:53 PM

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Cyril

1 months ago

I bet the CFO at Ecolab is having a dividendful day with this announcement!

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Cristy

1 months ago

I'm pretty sure the answer is C. Tuesday, September 21st. It's the date the shareholders of record are set, so that's when the payment should be made.

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Jerry

9 days ago

I agree, the payment date is Tuesday, September 21st.

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Monte

1 months ago

Hmm, this one's tricky. I'm going to go with C. Tuesday, September 21st. It makes sense that the payment date would be the date the shareholders of record are determined.

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