A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned, it does not change the value of the company. Although the total number of issued shares increases, the ratio of number of shares held by each shareholder remains constant.
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Famous quotes containing the word share:
“I love this child. Red-haired—patient and gentle like her mother—fey and funny like her father. When she giggles I can hear him when he and I were young. I am part of this child. It may be only because we share genes and that therefore smell familiar to each other. . . . It may be that a part of me lives in her in some important way. . . . But for now, it’s jelly beans and “Old MacDonald” that unite us.”
—Robert Fulghum (20th century)