The Company has 4,500,000 common shares outstanding. Jerry Fry acquired 5% of these shares at a cost of $19 each. During the current year, the Company declares a 6% stock dividend which it designates as eligible. At this time the shares are trading at $21 per share. The stock dividend results in an increase in the paid up capital (PUC) of $21 per stock dividend share. What are the income tax consequences to Jerry Fry of the receipt of the stock dividend? Your answer should include the ACB per share to Jerry subsequent to the receipt of the stock dividend.