Which corporate payout strategy increases the number of outstanding shares while reducing nominal per-share par value without altering total equity?

Explanation

• A Stock Split increases the total number of issued shares proportionally while reducing the par value per share accordingly (e.g., a 2-for-1 split doubles shares and halves par value).
• Total stockholders’ equity and individual ownership percentages remain completely unchanged.
• Companies execute stock splits to lower individual share prices, boosting retail liquidity and trading volume.