A scrip issue made in lieu of a cash dividend with shareholders given the choice of cash or scrip....more on Scrip dividend
Payment of dividends in the form of additional shares rather than cash.
The payment of a dividend by way of issuing shares to the shareholder rather than making a cash payment.
The issue of additional shares by a company to a shareholder in lieu of a dividend. The shares have... <a target=_blank href='http://www.finance-glossary.com/terms/scrip-dividend.htm?id=1283&ginPtrCode=00000&PopupMode=false' title='Read full definition of scrip dividend'>more</a>