What is a consequence of not notifying the NYSE about a declared dividend on time?

Not notifying the New York Stock Exchange (NYSE) about a declared dividend in a timely manner can lead to the imposition of fines. Exchanges like the NYSE have strict rules and regulations regarding timely communication of important corporate events, including dividend declarations. This is essential for maintaining market transparency and ensuring that all investors have equal access to information that could impact their investment decisions.

When a company fails to adhere to these notification requirements, it undermines the integrity of the market, which is why regulatory bodies impose fines as a consequence. These fines serve as a deterrent against non-compliance and encourage companies to follow proper channels for disseminating important information, thereby protecting investors and promoting fair trading practices.

While the other options may address concerns that arise from a lack of timely notification, they do not accurately reflect a direct and enforceable consequence as the imposition of fines does, which is why this is the correct choice.