Effect on Total Stockholders' Equity Amount A 10% stock dividend. Before the dividend, 510,000 shares of $3 par value common No Effect stock were outstanding; market value was $15 per share at the time of the dividend. A 2-for-1 stock split. Prior to the split, 66,000 shares of $5 par value common stock were outstanding. Purchase of 2,000 shares of $0.30 par treasury stock at $4 per share. Decrease $ 8.000 Sale of 700 shares of $0.70 par treasury stock for $5 per share. Cost of the treasury Increase stock was $2 per share