declaration date

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Declaration date

The date on which a firm's directors meet and announce the date and amount of the next dividend.

Declaration Date

1. See: Announcement date.

2. See: Expiration date.

declaration date

The date on which a firm's directors meet and announce the date and amount of the next dividend. Following the declaration, dividends become a legal liability of the firm. See also ex-dividend date, interest dates, record date.
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Thus the first three dividend declaration dates for the year will be in April, July and October.
Declaration Date Record Date Payable Date First Quarter April 27, 1998 May 7, 1998 May 21, 1998 Second Quarter July 27, 1998 Aug.
Redwood Trust Inc. Modifies its Dividend Policies

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