Bonus issue與scrip dividengs 怎么區別？

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來源: 正保會計網校編輯：小編 2020/06/04 14:43:27　字體：大小

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紅股（Bonus shares/bonus issue）紅股即股份公司在利潤分配時以股票股利的形式，給股東“送股”，增加股份公司和持權股東股份數的擴股行為。在股份公司持續經營過程，其資金來源于公司所得稅后的盈余積累，包括所有者權益類中的“盈余公積金”和“未分配利潤”兩項，不包括用“資本公積金”轉增股本的“轉股”。紅股是免費派送予股東的股份。投資者可將紅股視為股息的一部分。值得注意的是，紅股會攤薄每股盈利、每股派息等，當然亦會攤薄股價。

scrip dividend（以股代息）即是上市公司通過給予投資者選擇權，投資者可以選擇收取現金股利，也可以選擇以現金股利按照市場價購買公司發行的新股。以股代息本質上是一種再融資行為。

【試題內容】

{"result":true,"msg":"\r\n3.8.5 Bonus issues
\r\nA bonus/scrip/capitalisation issue is the capitalisation of the reserves of a company by the issue of additional shares to existing shareholders, in proportion to their holdings.
\r\nFor example, if a company with issued share capital of 100,000 ordinary shares of $1 each made a one for five scrip issue, 20,000 new shares would be issued to existing shareholders. Issued share capital would be increased by $20,000, and reserves（probably share premium account, if there is one）reduced by this amount.
\r\nBy creating more shares in this way, a scrip issue has the advantage of making shares cheaper and therefore （perhaps）more easily marketable on the stock exchange.
\r\nFor example, if a company"s shares are priced at $6 on the stock exchange, and the company makes a one for two scrip issue, we should expect the share price after the issue to fall to 4each.Sharesat4 each might be more easily marketable than shares at $6 each.
\r\n
\r\n"}

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以上內容來自正保會計網校學員答疑精華，轉載請注明出處。