Neither leslie not marti are entitled to the dividend

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Reference no: EM131188507

Leslie purchased 100 shares of GT, Inc. stock on Wednesday, July 7th. Marti purchased 100 shares of GT, Inc. stock on Thursday, July 8th. GT declared a dividend on June 20th to shareholders of record on July 12th and payable on August 1st. Which one of the following statements concerning the dividend paid on August 1st is correct given this information?

A. Neither Leslie not Marti are entitled to the dividend.

B. Leslie is entitled to the dividend but Marti is not.

C. Marti is entitled to the dividend but Leslie is not.

D. Both Marti and Leslie are entitled to the dividend.

E. Both Marti and Leslie are entitled to one-half of the dividend amount.

Reference no: EM131188507

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