When the buyer of an existing share is to receive the pending dividend, the price is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option B
Explanation:
A share sold cum div is sold with the right to receive the pending dividend. Therefore, when a buyer is entitled to receive the dividend already declared but not yet paid, the share is said to be sold cum div.
A share sold cum div is sold with the right to receive the pending dividend. Therefore, when a buyer is entitled to receive the dividend already declared but not yet paid, the share is said to be sold cum div.