stock dividend

noun Finance.
1.
a form of dividend collected by a stockholder in extra shares of the corporation's stock rather than in cash.
2.
the stock received in such a dividend.

Origin:
1900–05

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
For example, when a company declares a stock dividend or stock split, the
  transfer agent issues new shares.
Nothing of value may be given by the stockholders in consideration for the
  stock dividend.
Common stock dividend on retirement of preferred stock.
Employees were offered a choice of cash or stock dividend.
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