declaration date

Examples of declaration date in the following topics:

• Dividends Payable

  • Therefore, a shareholder receives a dividend in proportion to the shares he owns -- for example, if shareholder Y owns 100 shares when company Z declares a dividend of USD 1.00 per share. then shareholder Y will receive a dividend of USD 100 for his shares.
  • On the dividend declaration date, a company's board of directors announces its intention to pay a dividend to shareholders on record as of a certain date (date of record).
  • On the declaration date, the Board announces the date of record and a payment date; the payment date is the date when the funds are sent to the shareholders and the dividends payable account is reduced for the payment amount.
  • Companies that declare dividends must record a liability for the amount of the dividends that will be paid to investors.

• Defining Dividends

  • In the United States, dividends are usually declared quarterly by the corporation's board of directors.
  • For each share owned, a declared amount of money is distributed.
  • Declaration date is the day the board of directors announces its intention to pay a dividend.
  • Ex-dividend date (typically two trading days before the record date for U.S. securities) is the day on which all shares bought and sold no longer come attached with the right to be paid the most recently declared dividend.
  • This reflects the decrease in the company's assets resulting from the declaration of the dividend.

• The Declaration of Independence

  • The Declaration of Independence was a letter to the king explaining why the colonies were separating from Britain.
  • The Declaration was ultimately a formal explanation of why Congress had voted on July 2 to declare independence from Great Britain, more than a year after the outbreak of the American Revolutionary War.
  • The most famous version of the Declaration, a signed copy that is usually regarded as the Declaration of Independence, is displayed at the National Archives in Washington, D.C.
  • Although the wording of the Declaration was approved on July 4, the date of its signing was August 2.
  • Explain the major themes and ideas espoused by Jefferson in the Declaration of Independence

• FDR's Third Term

  • On that year, the President requested that Congress enact legislation which would tax all unreasonable profits, both corporate and individual, and thereby support his declared need for over ten billion in revenue for the war and other government measures.
  • Roosevelt, seeking a declaration of war against Japan, delivered to Congress his famous "Infamy Speech" in which he said, "Yesterday, December 7, 1941 – a date which will live in infamy — the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan. " .
  • Within an hour of the speech, Congress had passed a declaration of war, as Britain had just hours earlier.
  • This clip shows FDR declaring war on Japan.

• Congress

  • Five wars have been declared under the Constitution: the War of 1812, the Mexican-American War, the Spanish-American War, World War I, and World War II.
  • However, U.S. presidents have not sought formal declarations of war often.
  • The Korean War was the first modern example of the U.S. going to war without a formal declaration.
  • However, beginning with the Vietnam, Congress has given other forms of authorizations to declare war .
  • However, the Supreme Court has never ruled directly on the matter and to date no counter-resolutions have come to a vote.

• Assessing Fair Value

  • If a company purchases stocks or bonds with the intent to sell these items at a future date when they need cash, these are referred to as "Available-for-sale securities".
  • This is fair value on the purchase date.

• Accounting Considerations

  • Cash dividend example: Firm A's Board of Directors declared a dividend on December 1, 2011 of $100,000 payable to shareholders of record on Feb 1, 2012 and payable on Feb 29, 2012.
  • On the declaration day, the firm's Board of Directors announces the issuance of stock dividends or payment of cash dividends.
  • On the date of payment, when dividend checks are mailed out to stockholders, the dividends payable account is debited and the firm's cash account is credited.
  • The declaration of this dividend debits retained earnings for this value and credits the stock dividend distributable account for the number of new stock issued (150,000*.15 = 22,500) at par value.

• World War II

  • Although isolationists kept the U.S. out of WWII for years, the interventionists eventually had their way and the U.S. declared war in 1941.
  • On September 1, 1939, Germany invaded Poland, and Britain and France subsequently declared war on Germany, marking the start of World War II .
  • The following day, the United States declared war on Japan.
  • Subsequent operations by the U.S. prompted Germany and Italy to declare war on the U.S. on December 11, which was reciprocated by the U.S. the same day.
  • These two events represent the only use of nuclear weapons in war to date.

• Types of Bonds

  • A term bond matures on the same date as all other bonds in a given bond issue.
  • Serial bonds in a given bond issue have maturities spread over several dates.
  • A call premium is the price paid in excess of face value that the issuer of bonds must pay to redeem (call) bonds before their maturity date.
  • Some issuers declared bankruptcy or sought relief from the bondholders by negotiating new debt terms.
  • The bondholder receives the full principal amount on the redemption date.

• [PF content: The Declaration of Independence]