What is STOCK DIVIDEND?

One paid in stock, that is, not in money, but in a proportional number ofshares of the capital stock of the company, which is ordinarily increased for thispurpose to a corresponding extent Kaufman v. Charlottesville Woolen Mills Co., 93 Va. G73, 25 S. E. 10O3; Thomas v. Gregg, 78 Md. 515,28 Atl. 505. 44 Am. St. Rep. 310.

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