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What do the dates mean in the press release for Pier 1′s quarterly cash dividend announcement? PowerPoint Presentation
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What do the dates mean in the press release for Pier 1′s quarterly cash dividend announcement?

What do the dates mean in the press release for Pier 1′s quarterly cash dividend announcement?

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What do the dates mean in the press release for Pier 1′s quarterly cash dividend announcement?

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  1. What do the dates mean in the press release for Pier 1′s quarterly cash dividend announcement? Original blog posting (September 29, 2013)

  2. Pier 1 declared a quarterly cash dividend • $0.05 per common share • Announced in press release on September 27, 2013 • Will be paid on November 6, 2013 to shareholders of record on October 23, 2013

  3. Question 1 What is the date of declaration?

  4. Question 2 What is the date of record?

  5. Question 3 What is the date of payment?

  6. Question 4 If a person owned Pier 1 stock from October 30, 2013, to December 1, 2013, would that person receive a dividend on his/her stock?

  7. Question 5 Assume a person purchased Pier 1 stock on September 1, 2013.  That person then sold the Pier 1 stock on October 29, 2013.  Would this person receive a dividend on the stock on November 6, 2013?

  8. Question Recap • What is the date of declaration? • What is the date of record? • What is the date of payment? • If a person owned Pier 1 stock from October 30, 2013, to December 1, 2013, would that person receive a dividend on his/her stock? • Assume a person purchased Pier 1 stock on September 1, 2013.  That person then sold the Pier 1 stock on October 29, 2013.  Would this person receive a dividend on the stock on November 6, 2013?

  9. For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/Related video resources can be found at http://www.youtube.com/user/accountingheadlinesQuestions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu