7. Stock Dividends The market value balance Sheet for Outbox Manufacturing is Shown here . Outbox has declared a stock dividend of 25 percent . The stock goes exdividend tomorrow ( the chronology for a stock dividend is similar to that for a cash dividends . There are 20, 000 shares of stock outstanding . What will the Ex- dividend price be ? Chapter 19 Dividends and Other Payouts 617 Cash $ 295, 000 Debt $ 180, 000 Fixed assets 540, 000 Equity 655, 000 Total $835, 000 Total $835, 000