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Exam Series 6 All Questions

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Exam Series 6 topic 1 question 27 discussion

Actual exam question from FINRA's Series 6
Question #: 27
Topic #: 1
[All Series 6 Questions]

On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of $0.155 a share to shareholders of record as of Tuesday,
September 21st.The dividend checks were scheduled to be mailed on Friday, October 15th. In this scenario, the ex-dividend date is:

  • A. Friday, August 6th.
  • B. Friday, September 17th.
  • C. Tuesday, September 21st.
  • D. none of the above.
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Suggested Answer: B 🗳️
The ex-dividend date is Friday, September 17th in this scenario. It is two business days prior to the date of record, which is Tuesday, September 21st in this example. Saturday is not considered a business day, so the ex-dividend date is the preceding Friday.
by lolojepu at April 6, 2025, 1:11 a.m.

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