book closure(redirected from "book closure")
The date on which a publicly-traded company announces that a shareholder is entitled to a dividend. Theoretically, only those who own a stock on the announcement date should be entitled to a dividend; however, because shares change hands so often, actually calculating this can become quite complex. To make the process easier, the company may simply announce a book closure date at some point in the near future, which means that whoever owns a share on that day may claim a declared dividend.
1. The termination of announced benefits to new shareholders. For example, a company announces a specific date on which it will close the firm's books for shareholders to receive a dividend.
2. See holder of record.