Pilgrim Petroleum Corp. (PGPM)

[ncpti]

The date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution.

On the record date, a company looks to see who its shareholders or "holders of record" are. Essentially, a date of record ensures the dividend checks get sent to the right people.

For more info check the link

http://www.investopedia.com/terms/r/recorddate.asp

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