re: Stock Dividend question

quote:

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The issue of whether you will receive a dividend on fractional shares or fractional shares in lieu of dividends Is solely based on how the dividend issue is provided. Some will perform stock splits in lieu of issuing dividends for cash flow purposes of which you will still receive fractional shares if allowed and offered by the company. Each offering is different and subject to the terms of the issuer.

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Thanks for all the responses. This appears to be a rare occurrence, but it is interesting. My shares are held with my Smith Barney brokerage so I will contact him. I hope I can direct him to create new shares not a taxable, cash dividend.

I found this thread on the topic for anyone interested.