| clientele effect | Argument that stocks attract clienteles based on dividend yield or taxes. For example, a tax clientele effect is induced by the difference in tax treatment of dividend income and capital gains income; high taxbracket individuals tend to prefer low-dividend yields.
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| date of payment | Date that dividend checks are mailed.
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| 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.
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| declaration date | Date on which the board of directors passes a resolution to pay a dividend of a specified amount to all qualified holders of record on a specified date.
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| ex-dividend date | Date four business days before the date of record for a security. An individual purchasing stock before its ex-dividend date will receive the current dividend.
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| homemade dividends | An individual investor can undo corporate dividend policy by reinvesting excess dividends or selling off shares of stock to receive a desired cash flow.
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| information-content effect | The rise in the stock price following the dividend signal.
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| regular cash dividends | Cash payment by firm to its shareholders, usually four times a year.
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| stock dividend | Payment of a dividend in the form of stock rather than cash. A stock dividend comes from treasury stock, increasing the number of shares outstanding, and reduces the value of each share.
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| stock split | The increase in the number of outstanding shares of stock while making no change in shareholders' equity.
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