When will stockholders receive a declared dividend from Foremost Corporation?

The correct answer is based on the typical processes associated with dividend declarations and payments. When a dividend is declared by a corporation, several important dates come into play: the declaration date, the ex-dividend date, the record date, and the payment date.

In this case, for stockholders to receive the declared dividend, they must be on the company's record as of the record date, which is usually set a few days after the ex-dividend date. Assuming the scenario indicates that the record date is November 30, it means that stockholders who own shares before this date are eligible for the dividend. The payment date, when the actual dividend is distributed to stockholders, follows the record date.

If the payment date for Foremost Corporation is set for December 1, this aligns with standard practices, where payments occur shortly after the record date. In this context, stockholders would indeed receive their declared dividend on that specific date, solidifying the rationale for this answer.

Thus, the timing of these events is crucial in confirming that stockholders will receive their dividend on December 1.