El Toro Corporation declared a common stock dividend to all shareholders of record on June 30, 2010. Shareholders will receive 1 share of El Toro stock for each 2 shares of stock they own. Raoul owns 300 shares of El Toro stock with a tax basis of $60 per share. The fair market value of El Toro stock $100 per share on June 30, 2010. What are the tax consequences of the stock dividend to Raoul