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 do not share the gloomy thought that Negroes in America are doomed to be stomped out bodaciously, nor even shackled to the bottom of things. Of course some of them will be tromped out, and some will always be at the bottom, keeping company with other bottom-folks.”
—Zora Neale Hurston (1891–1960)