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Use this ready-made template to prepare a Directors Resolution Declaring a Stock Dividend.The Board of Directors of a corporation declare a dividend on the corporation's stock, to be paid by way of issuing new shares to the shareholders on a pro rata basis (based on the ratio of their current shareholdings to the aggregate of all outstanding shares issued by the corporation).This Directors Resolution Declaring Stock Dividend form is generic (not country specific), and is available as a Microsoft Word download which is fully editable to meet your needs.