# EDGAR Filing Document

**Accession Number:** 0001288872
**File Stem:** 0001667731-23-000110
**Filing Date:** 2023-2
**Character Count:** 18701
**Document Hash:** b5a581cca48aaf74a7d3c34c9bb2a98f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-23-000110.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001667731-23-000110

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230217

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stock Dividend Fund, Inc.
- **CENTRAL INDEX KEY:** 0001288872
- **IRS NUMBER:** 550862665
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21576
- **FILM NUMBER:** 23644528

**BUSINESS ADDRESS:**
- **STREET 1:** 8150 N. CENTRAL EXPRESSWAY
- **STREET 2:** SUITE M1120
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206
- **BUSINESS PHONE:** 214-360-7410

**MAIL ADDRESS:**
- **STREET 1:** 8150 N. CENTRAL EXPRESSWAY
- **STREET 2:** SUITE M1120
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75206

## Series and Classes Contracts Data

### Stock Dividend Fund, Inc. (Series ID: S000011865)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000032422 | Stock Dividend Fund, Inc. | SDIVX           |

## Nport-Ex

```

STOCK DIVIDEND FUND, INC.
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2022

DESCRIPTION                                 SHARES       MARKET VALUE
-----------                                 ------       ------------

COMMON STOCKS ? 99.05%

Petroleum Refining-10.91%
   Chevron Corp.                            11,615          2,084,776
   Valero Energy Corp                       11,028      $   1,399,012
                                                            ---------
                                                            3,483,778

Computer and Office Equipment-8.55%
   Hewlett Packard Inc.                     42,844          1,151,218
   International Business Machines Corp.    11,216          1,580,222
                                                            ---------
                                                            2,731,440

Pharmaceutical Preps-8.46%
   AbbVie Inc.                               9,869          1,594,929
   Pfizer Inc.                              21,646          1,109,141
                                                            ---------
                                                            2,704,070

Telephone Communications, Except
Radiotelephone-7.78%
   AT&T                                     83,429          1,535,928
   Verizon                                  24,089            949,107
                                                            ---------
                                                            2,485,035

Canned, Frozen & Preserved Fruit, Veg-5.74%
   The Kraft Heinz Company		 45,081		1,835,248

Engines and Turbines-5.17%
   Cummins Inc.                              6,812          1,650,479

Paper Prods-5.10%
   Kimberly-Clark Corp			 12,010		1,630,358

Biolog Prod-4.87%
  Amgen Inc.				 5,921		1,555,091

National Commercial Banks-4.83%
   Citigroup Inc.		  21,792		  985,652
   Wells Fargo                              13,500            557,415
                                                            ---------
							1,543,067

Raw Farm Food-4.82%
   Universal Corp.                          29,174          1,540,679

-	Continued ?
STOCK DIVIDEND FUND, INC.
SCHEDULE OF INVESTMENTS, continued
DECEMBER 31, 2022

DESCRIPTION                                 SHARES        MARKET VALUE
-----------                                 ------        ------------

Cigarettes-4.70%
   Altria Group, Inc.			 32,853		1,501,711

Life Insurance-4.48%
   Prudential Financial, Inc.		14,395		1,431,727

Electronic Computers-3.92%
   Apple Inc.                                9,633          1,251,616

Gold and Silver Ores-3.66%
   Newmont Corp.			 24,790		1,170,088

Variety Stores-3.58%
   Walmart                                   8,065          1,143,536

Computer Communications Equipment-3.47%
   Cisco Systems Inc.			23,296		1,109,821

Semi-Conductors and Related Devices-3.25%
   Intel Corp				39,326          1,039,386

Retail Drug Store-2.93%
  Walgreens Boots Alliance                  25,039            935,457

TV Stations-2.81%
   Paramount Global			 53,271		  899,214

                                                           ----------

   Total common stocks (cost $24,648,863)               $  31,641,811
							  ----------

SHORT-TERM INVESTMENTS ? 0.79%
   Schwab Money Market Fund (Single Class Fund)
              -current interest at 0.45%  253,921    	 $      253,921
                                                            ---------

   Total short-term investments (cost $  253,921    )		  253,921
                                                            ---------

Total investment securities ?  99.84% (cost $24,902,784)   31,895,733

Other assets less liabilities ? 0.16%                          50,477
                                                             --------

Net assets - 100.00%                                   $   31,946,210
                                                         ============

FAIR VALUE OF INVESTMENTS

In accordance with U.S. generally accepted accounting principles (?GAAP?),
fair value is defined as the price that the Fund would receive to sell an
asset or pay to transfer a liability in an orderly transaction between market
participants at the measurement date. GAAP also establishes a framework for
measuring fair value, and a three-level hierarchy for fair value measurements
based upon the transparency of inputs to the valuation of an asset or
liability. Inputs may be observable or unobservable and refer broadly to the
assumptions that market participants would use in pricing the asset or
liability. Observable inputs reflect the assumptions market participants
would use in pricing the asset or liability based on market data obtained
from sources independent of the Fund. Unobservable inputs reflect the Fund's
own assumptions about the assumptions that market participants would use in
pricing the asset or liability developed based on the best information
available in the circumstances. Each investment is assigned a level based
upon the observability of the inputs which are significant to the overall
valuation. The three-tier hierarchy of inputs is summarized below.

Level 1 - quoted prices in active markets for identical investments.

Level 2 - observable inputs other than quoted prices (including quoted prices
for similar investments, interest rates, prepayment speeds, credit risk,
etc.)

Level 3 - significant unobservable inputs (including the Fund's own
assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund's investments by the
above fair value hierarchy levels as of December 31, 2022:

                                    Investments          Other
                                    in                   Financial
      Level                         Securities*          Instruments **
      -----                         ----------           -----------
      Level 1:
         Common Stock               $31,641,812          $          0
         Short term investments         253,921				  0
                                    -----------          ------------
            Total Level 1:           31,895,733				  0
      Level 2                                 0                     0
      Level 3                                 0                     0
                                    -----------          ------------
      Total                         $31,895,733          $          0
                                    ===========          ============

   *All investments in securities are classified as ?Highly Liquid?.

   ** Other financial instruments are derivative instruments not reflected
in the Portfolio of Investments, such as futures forwards and swap contracts,
which are valued at the unrealized appreciation / depreciation on the
instrument.  As of December 31, 2022, the Fund did not own any other
financial instruments.

```

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Stock Dividend Fund, Inc.

- **b. Investment Company Act file number:** 811-21576

- **c. CIK number of Registrant:** 0001288872

- **d. LEI of Registrant:** 549300O5P21ZW4MRUI06

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 8150 N. CENTRAL EXPRESSWAY

  - **City:** DALLAS

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75206

  - **Telephone number:** 214-360-7410

**Item A.2. Information about the Series.**

- **a. Name of Series:** Stock Dividend Fund, Inc.

- **b. EDGAR series identifier (if any):** S000011865

- **c. LEI of Series:** 549300O5P21ZW4MRUI06

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $31969094.00

**Total Liabilities:** $22884.00

**Net Assets:** $31946210.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032422 | 13.02%               | 6.26%                | -9.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $55482.00                | $3558379.00                                |
| Month 2  | $138.00                  | $1848947.00                                |
| Month 3  | $0.00                    | $-1670847.00                               |

### Schedule of Portfolio Investments

| Name                                        | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| APPLE INC.                                  | APPLE INC                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      9633 | NS      | $1251616.00   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                  | ABBVIE INC                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      9869 | NS      | $1594929.00   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                   | AMGEN INC                                   | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      5921 | NS      | $1555091.00   | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP, INC                              | CITIGROUP, INC                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     21792 | NS      | $985652.00    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC                                 | CUMMINS INC                                 | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      6812 | NS      | $1650479.00   | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC                          | CISCO SYSTEMS, INC                          | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |     23296 | NS      | $109821.00    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                         | CHEVRON CORPORATION                         | CUSIP: 166764100<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | EC               | CORP              | US        |     11615 | NS      | $2084776.00   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC                                      | HP INC                                      | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     42844 | NS      | $1151218.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | INTERNATIONAL BUSINESS MACHINES CORPORATION | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     11216 | NS      | $1580222.00   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORPORATION                           | INTEL CORPORATION                           | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     39326 | NS      | $1039386.00   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZE COMPANY                        | KRAFT HEINZE COMPANY                        | CUSIP: 500754106<br>LEI: 549300XP5K207ZLJLB33 | Long             | EC               | CORP              | US        |     45081 | NS      | $1835248.00   | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY CLARK CORP                         | KIMBERLY CLARK CORP                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     12010 | NS      | $1630358.00   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                            | ALTRIA GROUP INC                            | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     32853 | NS      | $1501711.00   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                         | NEWMONT CORPORATION                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     24790 | NS      | $1170088.00   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL CLASS B                    | PARAMOUNT GLOBAL CLASS B                    | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     53271 | NS      | $899214.00    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                  | PFIZER INC                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     21646 | NS      | $1109141.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL. INC                   | PRUDENTIAL FINANCIAL, INC.                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     14395 | NS      | $1431727.00   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                    | AT&T INC                                    | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     83429 | NS      | $1535928.00   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL CORPORATION                       | UNIVERSAL CORPORATION                       | CUSIP: 913456109<br>LEI: 529900ENZ4URJTGEA685 | Long             | EC               | CORP              | US        |     29174 | NS      | $1540679.00   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORPORATION                   | VALERO ENERGY CORPORATION                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     11028 | NS      | $1399012.00   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                  | VERIZON COMMUNICATIONS INC                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     24089 | NS      | $949107.00    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE, INC               | WALGREENS BOOTS ALLIANCE, INC               | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     25039 | NS      | $935457.00    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                       | WELLS FARGO & COMPANY                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     13500 | NS      | $557415.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                 | WALMART INC                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      8065 | NS      | $1143536.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-02-17

**Name of Applicant:** STOCK DIVIDEND FUND, INC

**Signature:** STEVEN ADAMS

**Name of Signer:** STEVEN ADAMS

**Title:** CCO