# EDGAR Filing Document

**Accession Number:** 0001288872
**File Stem:** 0001288872-23-000007
**Filing Date:** 2023-2
**Character Count:** 6232
**Document Hash:** 10ee1a1aa02b96f909cc1cb94050628d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001288872-23-000007.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001288872-23-000007

**CONFORMED SUBMISSION TYPE**: 40-17F2

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230217

**EFFECTIVENESS DATE**: 20230221

**SUBJECT COMPANY**: 

**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:** 40-17F2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21576
- **FILM NUMBER:** 23644454

**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
**FILED BY**: 

**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:** 40-17F2

**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

```

U.S. Securities and Exchange Commission
            Washington, D.C. 20549

                FORM 40-17f-2
Certificate of Accounting of Securities and
      Similar Investments in the Custody
      of Management Investment Companies

Pursuant to Rule 17f-2 (17 CFR 270.17f-2)

1. Investment Company Act File Number:
              811- 21576

   Date examination completed.
              12/31/2022

2. State Identification Number: TX

   AL(  ) AK(  ) AZ(  ) AR(  ) CA(  ) CO(  )
   CT(  ) DE(  ) DC(  ) FL(  ) GA(  ) HI(  )
   ID(  ) IL(  ) IN(  ) IA(  ) KS(  ) KY(  )
   LA(  ) ME(  ) MD(  ) MA(  ) MI(  ) MN(  )
   MS(  ) MO(  ) MT(  ) NE(  ) NV(  ) NH(  )
   NJ(  ) NM(  ) NY(  ) NC(  ) ND(  ) OH(  )
   OK(  ) OR(  ) PA(  ) RI(  ) SC(  ) SD(  )
   TN(  ) TX(X ) UT(  ) VT(  ) VA(  ) WA(  )
   WV(  ) WI(  ) WY(  ) PUERTO RICO (  )

Other (specify):

3. Exact name of investment company as specified in
   registration statement: Stock Dividend Fund, Inc.

4. Address of principal executive office:
(number, street, city, state, zip code)

      8150 N. Central Expressway #M1120
      Dallas, Texas  75206

```

## Ex-1

```

MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN PROVISIONS OF THE
INVESTMENT COMPANY ACT OF 1940

We, as members of management of Stock Dividend Fund, Inc. (the "Fund"), are
responsible for complying with the requirements of subsections (b) and (c) of
Rule 17f-2, "Custody of Investments by Registered Management Investment
Companies", of the Investment Company Act of 1940.  We are also responsible for
establishing and maintaining effective internal controls over compliance with
those requirements.  We have performed an evaluation of the Fund's compliance
with requirements of subsections (b) and (c) of Rule 17f-2 as of December 31,
2022
and from January 1, 2022 through December 31, 2022.

Based on this evaluation, we assert that the Fund was in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of December 31, 2022 and from January 1, 2022 through
December 31, 2022, with respect to securities reflected in the investment
account of the Fund.

Stock Dividend Fund, Inc.

By:

/s/ Laura S. Adams
-----------------
Laura S. Adams, President

/s/ Steven Adams
----------------
Steven Adams, CCO

```

## Ex-2

```

To the Shareholders and Board of Directors of
Stock Dividend Fund, Inc.

We have examined management's assertion about
Stock Dividend Fund, Inc.?s compliance with the
requirements of subsections (b) and (c) of rule
17f-2 under the Investment Company Act of 1940 (the
"Act") as of December 31, 2022 included in the
accompanying Management Statement Regarding
Compliance with Certain Provisions of the Investment
 Company Act of 1940. Management is responsible
for the Company?s compliance with those requirements.
 Our responsibility is to express an opinion on
management's assertion about the Company?s
compliance based on our examination.

Our examination was made in accordance with the
standards established by the American Institute of
Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence
about the
Company?s compliance with those requirements and
performing such other procedures as we considered
necessary in the circumstances. Included among our
 procedures were the following tests performed as of
December 31, 2022 and with respect to agreement of
security purchases and sales, for the period from
January 1, 2022 through December 31, 2022:

*	Confirmation of all securities held by Charles
 Schwab & Co. in book entry form;
*	Reconciliation of all such securities to the
 books and records of the Fund and the Charles Schwab
& Co.;
*	Agreement of security purchases and security
 sales, on a test basis, from January 1, 2022 to
December 31, 2022 from the books and records of the
Fund to broker confirmations.
We believe that our examination provides a reasonable
 basis for our opinion. Our examination does not
provide a legal determination on the Company?s
compliance with specified requirements.

In our opinion, management's assertion that Stock
 Dividend Fund, Inc. was in compliance with the
requirements of subsections (b) and (c) of rule 17f-2
 of the Investment Company Act of 1940 as of
December 31, 2022, with respect to securities
reflected in the investment account of the Company
 is fairly
stated, in all material respects.  This report is
 intended solely for the information and use of
management
of Stock Dividend Fund, Inc. and the Securities
and Exchange Commission and should not be used for
any other purpose.

/s/ Turner, Stone & Company, LLP

Dallas, Texas
February 17, 2023

```