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2020-02-18
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2020-02-18
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xbrli:pure
485BPOS
2019-12-31
Stock Dividend Fund, Inc.
0001288872
false
sdivx
2020-02-18
2020-02-14
2020-02-14
0
-0.0200
0
0.0085
87
271
471
1049
0.0068
0.0665
0.2119
0.0514
-0.3596
0.1851
0.1843
0.0809
0.1380
0.2825
-0.0262
-0.1679
0.3637
0.2307
-0.0577
0.1622
0.1622
0.1525
0.1298
0.0884
0.0783
0.0727
0.1075
0.0962
0.0826
0.1441
An investor could lose money in this Fund.
Past results are not an indication of future performance.
highest return
lowest return
2009-09-30
2008-12-31
0.1695
-0.2831
After-tax returns are calculated using historical highest federal tax rates
After-tax returns are not relevant to investors who hold Fund shares through tax-deferred accounts such as 401(k) plans or IRA’s.
Investment Objective
Fees and Expenses
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of the Fund is growth and income. This is
a fundamental objective and cannot be changed.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The following table describes the fees and expenses that you may
pay if you buy and hold shares of the Fund.</p>
Shareholder Fees (fees paid directly from your investment)
Annual Fund Operating Expenses (Expenses that are deducted from Fund assets)
Example
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">This example is intended to help you compare
the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000
in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes
that your investment has a 5% return each year and that the operating expenses of the Fund remain the same. Based on these assumptions
your costs would be:</p>
Principal Investment Strategies
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Fund will attempt to achieve its objective
by investing primarily in dividend paying common stocks. The Investment Advisor of the Fund uses quantitative analysis (mathematical
models using metrics such as free cash flow, book value, pension liabilities, cash per share, debt levels, etc.) to identify dividend
paying common stocks that generally have investment grade credit ratings on outstanding debt (or equivalent quality if not rated
by larger credit rating agencies such as Moody’s or Standard and Poors), a long history of dividend payments (at least ten
years), minimum ratios of expected earnings to dividend strength, and expectation by the Advisor that the dividend may be increased
in the future. The Fund will invest at least 80% of its net assets in larger capitalization dividend paying common stocks of U.S.
issuers and intends to be as fully invested as possible at all times. Larger capitalization stocks are those that have a value
of $5 billion and higher as determined by calculating number of shares outstanding multiplied by current share price. This is not
a fundamental policy and shareholders will be given at least 60 days prior notice if there is any change in the 80% investment
policy. Our Investment Strategy may at times produce a portfolio that has overweighted risk to a certain Sector, versus a fully
diversified fund.</p>
Portfolio Turnover Policy
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Fund pays transaction costs, such as commissions,
when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher
transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected
in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the
Fund’s portfolio turnover rate was 14.41% of the average value of its portfolio. The Investment Advisor will attempt to keep
turnover to a minimum.</p>
Principal Investment Risks
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">An investor could lose money in this Fund. The principal risks of
investing in this Fund are:</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">a)</td><td>changing stock market and economic conditions may cause total returns to go down over short and even long periods of time.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">b)</td><td>the investment strategies may not prove to be effective.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">c)</td><td>periods of declining stock market prices may cause investing in common</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">d)</td><td>stock securities by the public to fall out of favor, thereby causing the Fund to underperform or lose money.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">e)</td><td>changes in the tax treatment on stock dividends may adversely affect the value of dividend paying stocks.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">f)</td><td>The Fund invests mainly in U.S. larger capitalization stocks which may underperform other stock categories such as small and
international.</td></tr></table>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Non-Diversification risk: The Fund is non-diversified
which means that it may invest a relatively high percentage of its assets in a limited number of securities. As a result, the performance
of the Fund may be more subject to the moves of an individual company. The Fund seeks only enough diversification in securities
selection to maintain Federal non-taxable status under Sub-Chapter M of the Internal Revenue Code. See section “Tax consequences”
of this prospectus for information about requirements for Sub-Chapter M for the Fund.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Who should invest: This Fund is best suited
for disciplined long-term investors who want to invest in a portfolio of dividend paying companies for growth and income.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Who should not invest: This Fund is not recommended
for investors who are short term oriented and not tolerant of daily price fluctuations.</p>
Performance
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Risk/Return Bar Chart and Performance Table:
The bar chart and table below provide an indication of the risks of investing in Stock Dividend Fund. The chart shows the changes
in the Fund’s performance since inception. The table compares the Fund’s returns to a relative comparison benchmark.
After-tax returns are calculated using historical highest federal tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on an individual investor’s tax situation and may differ from those shown. After-tax returns
are not relevant to investors who hold Fund shares through tax-deferred accounts such as 401(k) plans or IRA’s. Past results
are not an indication of future performance.</p>
Annual Percentage Returns
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">*Beginning operations December 27, 2004 through December 31, 2004.</p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </p>
<p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">During the entire period shown in the bar chart
above, the highest return for a calendar quarter was 16.95% while the lowest return for a quarter was (28.31)%. These returns occurred
in quarters ending September 30, 2009 and December 31, 2008, respectively.</p>
Average Annual Total Returns (for the Year ended December 31, 2019)
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The Investment Advisor has contractually agreed to pay all operating expenses of the Fund except brokerage, interest, taxes, extraordinary legal and other extraordinary expenses. This agreement is renewed annually and may be terminated at any time upon 60 days prior written notice, without payment of penalty, by the Fund's Board of Directors or by a vote of the majority of outstanding voting shares of the Fund.
The Fund does not expect to incur any "Other Expenses".
Includes dividend reinvestment compounding and no deduction for fees, expenses or taxes)