On December 1, 2022, the Avery Corporation issued a stock dividend of 1 share of stock for every share owned by all shareholders payable on December 30, 2022. David owned $1,000 shares of stock in Avery Corporation on November 30, 2022 that was worth $10,000. After the stock dividend on December 30, 2022, he owned $2,000 shares of Avery Corporation stock. Explain the tax consequences of this stock dividend to David.