Question : Interim Dividend is declared (approved) by the Board and paid within _______days of it being declared.
Option 1: 8 days
Option 2: 10 days
Option 3: 7 days
Option 4: 11 days
Answer (1)
13th Jan, 2024
Correct Answer: 7 days
Solution :
Answer =
7 days
Interim dividends, once declared by the Board of Directors, are typically paid within 7 days of being declared. This rapid payment timeline ensures prompt distribution of dividends to shareholders following approval, contributing to efficient shareholder communication and satisfaction.
Hence, the correct option is 3.
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