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      <liveTestFlag>LIVE</liveTestFlag>
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        <issuerCredentials>
          <cik>0001288872</cik>
          <ccc>XXXXXXXX</ccc>
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      <flags>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
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    <generalInfo isReportPeriodLt12="N" reportEndingPeriod="2021-12-31"/>
    <registrantInfo>
      <registrantFullName>Stock Dividend Fund, Inc.</registrantFullName>
      <investmentCompFileNo>811-21576</investmentCompFileNo>
      <registrantCik>0001288872</registrantCik>
      <registrantLei>549300O5P21ZWAMRUI06</registrantLei>
      <registrantstreet1>8150 N. Central Expressway</registrantstreet1>
      <registrantstreet2>M1120</registrantstreet2>
      <registrantcity>Dallas</registrantcity>
      <registrantzipCode>75206</registrantzipCode>
      <registrantstate>US-TX</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>2143607410</registrantphoneNumber>
      <websites>
        <website webpage="N/A"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Steven Adams</officeName>
          <officeAddress1>8150 N. Central Expressway</officeAddress1>
          <officeAddress2>M1120</officeAddress2>
          <officeCity>Dallas</officeCity>
          <officeStateCountry officeState="US-TX" officeCountry="US"/>
          <officeRecordsZipCode>75206</officeRecordsZipCode>
          <officePhone>2143607410</officePhone>
          <booksRecordsDesc>All books and Records</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>1</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Laura S. Adams</directorName>
          <crdNumber>001518058</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
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        </director>
        <director>
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        </director>
        <director>
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        <chiefComplianceOfficer>
          <ccoName>Steven Adams</ccoName>
          <crdNumber>001777285</crdNumber>
          <ccoStreet1>8150 N. Central Expressway</ccoStreet1>
          <ccoStreet2>M1120</ccoStreet2>
          <ccoCity>Dallas</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-TX"/>
          <ccoZipCode>75206</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerId="74-3034621" ccoEmployerName="Adams Asset Advisors, LLC"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <isCoveredByInsurancePolicy>N</isCoveredByInsurancePolicy>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>None</principalUnderwriterName>
          <principalUnderwriterFileNumber>008-000000</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>N/A</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-TX"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>N</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Turner Stone &amp; Co.</publicAccountantName>
          <pcaobNumber>76</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantState="US-TX" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Stock Dividend Fund, Inc." signature="Steven Adams" signedDate="2022-02-17" title="CCO"/>
  </formData>
</edgarSubmission>
