date of record

Date of record

Date on which holders of record in a firm's stock ledger are designated as the recipients of either dividends or stock rights.

Record Date

The last date on which any dividend on a stock that has been declared but not distributed belongs legally to the buyer, rather than the seller. That is, when one sells a stock on or before the record date, the dividend will go to the buyer when the next dividend comes. On the other hand, if it is sold after the record date, the dividend will go to the seller. In practical terms, the record date is the trading day immediately before the ex-dividend date. It is also called the date of record.

date of record

References in periodicals archive ?
The date of record will be May 31, 2013 and the payment date will be June 14, 2013.
The date of record has been set at April 1 and the final date for submission of shareholder proposals has been set at March 21.