book closure

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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.

book closure

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.
References in periodicals archive ?
The spot trading activity and book closures mainly in the fertilizer and banking sector stocks are likely to keep their volumes depressed.
Spot Trading and Book closures of major stocks like LOTPTA, FFBL, NESTLE, ULEVER, ABL, AKBL, NBP, BAFL and NPL.