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Stock dividend is also called “script dividend”. Some companies use the distribution of stocks dividend when their availability of liquid cash is in short supply or is needed to be reinvested in other projects.
http://www.investopedia.com/terms/s/stockdividend.asp
Stock split is a procedure that changes the number of outstanding share by increase or decreasing the number, without changing the company’s market value or the proportionate ownership interest of the existing shareholders. Is a method commonly used to lower the market price of a firm's stock by increasing the number of shares belonging to each shareholder...
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