stock dividend
Defined in 2 dictionaries — Case Law, Black's (1910)
Definitions from Case Law
From 245 U.S. 418 - Towne v. Eisner · 1918Most cited · 1,065 citing opinions
A stock dividend really takes nothing from the property of the corporation, and adds nothing to the interests of the shareholders. Its property is not diminished, and their interests are not increased. The proportional interests of each shareholder remains the same. The only change is in the evidence which represents that interest, the new shares and the original shares together representing the same proportional interest that the original shares represented before the issue of new ones.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One paid in stock, that is, not in money, but in a proportional number of shares of the capital stock of the company, which is ordinarily increased for this purpose to & corresponding extent Kaufman v. Charlottesville Woolen Mills Co., 93 Va. 673, 25 S. El 1003; Thomas v. Gregg, 78 Md. 545, 28 Atl. 565. 44 Am. St Rep. 310
Defined under Dividend in Black's Law Dictionary.