record date
- 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
- The board of the company announced March 1st as the record date to decide who would be entitled to the upcoming dividend payout.
- To determine the eligible voters for the annual shareholder meeting, the corporation fixed January 15th as the record date.
- 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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