On July 31, 2010, Lakers Corporation purchased 500,000 shares of Celtic Corporation. On December 31, 2011, Lakers distributed 250,000 shares of Celtic stock as a dividend to Lakers' stockholders. This is an example of a

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A property dividend is a dividend paid to shareholders in the form of assets other than cash, such as shares of another company. In this case, Lakers Corporation distributed shares of Celtic Corporation as a dividend, which qualifies as a property dividend.

On July 31, 2010, Lakers Corporation Purchased 500,000 Shares of Celtic