In most cases you will receive a specific number of extra shares in the company based on the amount you already own.Stock dividends tend to cause the price of the company stock to decline since more shares are being issued to people already holding shares.
This type of dividend can provide a tax benefit over cash since you do not have to claim it until the shares are sold, and it can benefit the company by allowing it to use cash for other priorities in times of crisis.
Companies that are not meeting expectations and are viewed by its officials as failing will issue liquidating dividends to shareholders as a way of paying them back for their investment.
Date of Record: The date of the record is the date on which the list of shareholders of record is prepared.
EX-Dividend Date: The Ex-dividend date is the day following the date of record.
Date of Payment: The date of payment follows the declaration date by four to six weeks.