A no cost, pro rata distribution of a company's shares to its shareholders is known as a:

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A share dividend is a distribution of shares to existing shareholders of a company at no cost, and the number of shares distributed is pro rata to their current holdings. This is different from a special dividend which is a cash payment to shareholders, a preference dividend which is paid to holders of preference shares, or a dividend in arrears which is a dividend that has not been paid in a previous period.

A No Cost, Pro Rata Distribution of a Company's Shares