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JT Engineering Inc. owns 3 2 0 , 0 0 0 shares of RL Enterprises Ltd . JT opted to distribute these shares as a

JT Engineering Inc. owns

320, 000

shares of RL Enterprises Ltd

.

JT opted to distribute these shares as a dividend to its shareholders on December

31 .

Based on this information, what type of dividend was involved in this distribution?

Select answer from the options below

a liquidating dividend

a property dividend

a stock dividend

a cash dividend

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