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  2. A dividend declared is the fraction of earnings that the board of directors of a company decides to distribute as dividends to its shareholders in exchange for their investment in the form of stock purchases. Such a dividend declaration results in a liability on the records of the involved corporation.
    www.wallstreetmojo.com/dividend-declared/
    Once a dividend is authorized, it becomes a declared dividend. It becomes the company's legal liability to pay it.
    www.investopedia.com/terms/d/declarationdate.asp
    On the declaration date, the company announces to the public how much the dividend will be, when they will pay it and when investors must hold shares to receive it.
    www.marketbeat.com/dividends/announcements/
     
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