Regular and Extra Dividends 
Form 3000 is the basic standard format for the declaration of a dividend. By acknowledging that a surplus is available, the resolution meets the minimum statutory requirements for the declaration of a dividend. Note that Form 3000 is a resolution for a stock dividend; by replacing the words "stock dividend," with the words "cash dividend," this form can be used when the board wishes to pay a cash dividend.~

Form 3000:     BOARD OF DIRECTORS' RESOLUTION DECLARING STOCK DIVIDEND~
BOARD OF DIRECTORS' RESOLUTION DECLARING STOCK DIVIDEND

Upon a duly made and seconded motion the following resolution was adopted by the unanimous vote of the Board of Directors of > :
WHEREAS, the financial statement of this Corporation's Treasurer reports that the Corporation has a surplus of > dollars ($> ) resulting from its business operations for the fiscal year ending on the >  day of >  , 19>  , it is hereby 
RESOLVED, that a stock dividend be and hereby is declared in the amount of >  dollars ($> ) per share of the common stock of this Corporation, and that the same shall be paid on > , 19> , to shareholders of record as of >  , 19> , and it is 
FURTHER RESOLVED, that the Corporation's Treasurer is hereby authorized to transfer > dollars ($> ) from surplus to the capital account.
The undersigned, > , certifies that I am the duly appointed Secretary of > Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on > , 19> , and that such resolution is now in full force and effect. 
IN WITNESS THEREOF, I have affixed my name as Secretary of > Corporation and have attached the seal of > Corporation to this resolution.

Secretary 
Dated: > , 19> .
(SEAL)