Stock Dividends as Small Stock Splits

Summary

The document responds to a request for examples of securities that have issued stock dividends. It lists several US-listed stocks and gives the ex-dates and distribution percentages reported for those examples. One listed company is noted as having paid a cash dividend on the same date as its stock dividend.

The central concept is that a stock dividend increases the share count in a way comparable to a small stock split. For example, a five percent stock dividend is economically equivalent, in share-count terms, to a 105-for-100 split. The examples are historical and limited to the securities and dates cited; the document does not discuss tax treatment, price adjustment mechanics, or the effects on investor wealth. Its examples are attributed to an internal data source.

Key ideas

• A stock dividend increases the number of shares held by shareholders.
• The document describes a five percent stock dividend as equivalent in share-count terms to a 105-for-100 split.
• It lists historical US-listed examples with ex-dates and distribution percentages.
• The examples do not address tax consequences or broader effects on investor returns.

Tags

# Example Security Giving Stock Dividends?


# Example Security Giving Stock Dividends?












I'm looking for a security that has some stock dividends. Any suggestion?

There are plenty of websites explaining what is a stock dividend or plenty referencing companies with cash dividends but all I find are cash dividends securities.

## Answer by Richard at NorgateData (score 1, accepted)

https://quant.stackexchange.com/a/24878

Some recent US-listed stocks that have had stock dividends include:

NYSE:TR ex-date 20160304 (3% stock dividend, plus also a cash dividend this day too)

NYSE:EEQ ex-date 20160203 (3.582842% stock dividend)

NASDAQ:SNFCA ex-date 20160113 (5% stock dividend).

A stock dividend is effectively a tiny stock split. In the case of a 5% stock dividend, it's the same as a 105 for 100 stock split.

Source: Internal databases at Norgate Data.

Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.