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is the statement TRUE OR FALSE? Starbucks announces on October 1 that it will pay...

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Finance

is the statement TRUE OR FALSE? Starbucks announces on October 1 that it will pay a dividend of $2.12 on November 1. Suppose the ex-dividend date for the stock is on Wednesday, October 16, and the record date is in on Thursday, October 17. Statement: "You buy the stock on Tuesday, October 15 at 3.45pm for $85.89. You sell the stock at 2pm on Wednesday, October 16 for $85.89. Once the dividend has been paid, your total profit on the trade is equal to the the dividend of $2.12 per share."

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