Stock Dividends and Stock Splits Sing CD Company has had five years of record earnings. Due to this success, the market price of its 500,000 shares of $2 par value common stock has tripled from $15 per share to $45. President Joan Ebert is considering either a 10% stock dividend or a 2-for-1 stock split After Dividend After Split Original Balances $ 2,000,000 10,000,000 Paid-in capital Retained earnings Total stockholders' equity$12,000,000 Shares outstanding Par value per share 500,000 $2.00 LO 2