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stock dividend
(redirected from bond dividend)

   Also found in: Legal, Financial 0.01 sec.
stock dividend
n.
A dividend paid to stockholders in shares of stock, often used in place of or in addition to a dividend paid in cash.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.stock dividend - a dividend paid in stock rather than in cash
dividend - that part of the earnings of a corporation that is distributed to its shareholders; usually paid quarterly


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Franklin introduced its first municipal bond fund, Franklin Tax-Free Income Fund, in 1977, following the passage of the federal Tax Reform Act of 1976, which altered the rules regarding taxation of municipal bond dividends to allow mutual fund income derived from tax-free securities to be "passed through" to fund shareholders and remain tax-free.
 
 
 
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