In a stock split, only the content of contributed capital is changed, whereas in a stock dividend the amount of contributed capital is changed.

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In a stock split, the number of shares increases but the overall value of the company in the market remains the same, affecting only the number of shares outstanding and possibly the share price, without changing the contributed capital. In a stock dividend, additional shares are distributed to shareholders, which can change the composition of retained earnings and contributed capital without altering the total equity.

In a Stock Split, Only the Content of Contributed Capital