Define: Date Of Record

UK Accounting Glossary

Definition: Date Of Record



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Full Definition of Date Of Record


The date of record is the date that determines which shareholders receive dividend payments. On the day a company declares dividends (the declaration date), it decides on both a date of record and date of payment. An investor must be listed as the “holder of record” in the firm’s stock ledger on the date of record to receive dividends on the date of payment. After the date of record is fixed, an ex-dividend date is determined by stock exchanges or the National Association of Securities Dealers. The ex-dividend date is usually two business days before the date of record. If an investor purchases a stock on its ex-dividend date or after, the investor does not receive the next dividend payment; instead, the seller is deemed the holder on the date of record and receives payment. Companies also use the date of record to decide who receives financial reports and other key information. A company makes no accounting entry on the date of record: its obligation to pay a dividend remain the same on the date of record as before.


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https://payrollheaven.com/define/date-of-record/
Modern Language Association (MLA):
Date Of Record. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 30, 2020 https://payrollheaven.com/define/date-of-record/.
Chicago Manual of Style (CMS):
Date Of Record. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/date-of-record/ (accessed: March 30, 2020).
American Psychological Association (APA):
Date Of Record. PayrollHeaven.com. Retrieved March 30, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/date-of-record/

Definition Sources


Definitions for Date Of Record are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February 2020.