Stock dividend

Detail	Value
Type	stock_dividend
Category	basis
Ledger treatment	Quantity and basis adjustment

#What we detect

A multiplier increase matching the delivered StockDividend record.

#Evidence required

• A standing (delivered) version matching both multipliers and the activation time.
• The multiplier increases.
• If the delivered record publishes a unit ratio, it must reconcile. Otherwise the factor is M_new ÷ M_old.

#When evidence is missing or conflicts

• Only announcements or cancellations: unclassified, since no delivered record matches.
• A published ratio that does not reconcile: unclassified, stating the ratio and both multipliers.
• A ratio stated by an earlier, superseded version is reported as a warning and never used.

#How it is booked

Units ×factor, with cost basis spread across them. The protected floor scales by the same factor. Zero income; nothing newly convertible.

#In practice

SCCOx. The issuer published six versions across two feeds: scheduled at 1:1.012, cancelled ("Will be a cash flow, not a unit change"), cancelled again, rescheduled, delivered at ×1.0153, then the schedule was cancelled after delivery. The lifecycle keeps all six, each naming the revision it supersedes.

#In the API

• v2: type: "stock_dividend", treatment: "quantity_basis", with validation, the lifecycle and the evidence on GET /v2/actions/{id}.
• v1: shown as unclassified_adjustment, with the treatment stated in reasons and headline.