Dividend - cash and non cash 2. On 1/1/12, ABC issued 10,000 shares of $1.00 par common stock for $5.00 each. During the year the following independent stock transactions occurred: Record the stock dividend below On March 15, declared a $1.00 per share cash dividend to stockholders of record on March 30, payable on April 30. On March 1 declared a 100% stock dividend to shareholder's of record on March 15, distributable on April 15. b. On June 1, declared a 10% stock dividend to shareholder's of record on June 15, distributable on June 30, when the market price of the stock was $15.00 per share. C