record date

Definition of "record date"
  1. A specified date on which a corporation identifies its shareholders along with their shareholdings to figure out who has the right to get notifications for a shareholder meeting, who gets to cast a vote at that meeting, or who is eligible to receive dividends
How to use "record date" in a sentence
  1. The board of the company announced March 1st as the record date to decide who would be entitled to the upcoming dividend payout.
  2. To determine the eligible voters for the annual shareholder meeting, the corporation fixed January 15th as the record date.
  3. All shareholders who owned shares on the declared record date were granted right to participate in the corporation's profit-sharing plan.

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