Question: XYZ company has a board of directors meeting on January 15th and the board of directors has voted to declare and pay a dividend. They have decided the date of record will be February 15th and the date to pay out the dividends will be March 5th. They have voted to pay $5 per share cash dividends to their stockholders and there are 10,000 outstanding common stock. If I purchased 100 shares on February 10th will I be paid cash dividends and if so, what will I receive?