Book Closure

What Does Book Closure Mean?
A company's announcement of a dividend or bonus to investors.

Investopedia explains Book Closure
Only members listed in the company's registration at the cutoff date would be entitled to receive the corporate benefits. However, because shares continuously change hands during transactions, identifying the owner of certain shares becomes complicated. If a company announces book closure today, anyone who currently owns the stock will be entitled to the dividend.

Related Terms

Cum Dividend
Dividend
Dividend Yield
Ex-Date
Ex-Dividend
Holder of Record
Record Date
More Related Terms

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