Interior investors inc has declared a cash dividend of 120, Financial Management

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Interior investors inc has declared a cash dividend of 120

Interior Investors, Inc. has declared a cash dividend of $1.20 to be paid to holders of record on Wednesday, June 19^th.

What is the last day an investor can purchase XYZ stock and still receive the dividend?

On what day does this stock start trading ex dividend?

Would you expect any changes in the price per share of the stock when the stock is traded on the ex dividend day? Why?/Why not?

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Financial Management: Interior investors inc has declared a cash dividend of 120

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Financial Management: Interior investors inc has declared a cash dividend of 120

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