DMC gives 400% stock dividend

Aside from regular and special cash dividends, DMCI Holdings DMC offers 400% stock dividend.
A 400% stock dividend means you'll have 4 common shares for every 1 common share.

400% ??? No type error?  Sounds good but from my experience each stock value reduces at a similar rate.

 For example,  if you have 100 shares of company 'Y' priced at 100 pesos each then after the stock dividend payout you'll have 400 shares.  However, you'll notice that your 400 shares are now priced at a lower price...lets say 25pesos.  The rate of decrease is approximately the same with the increase of the number of shares. So previously, you have 100 shares x 100 pesos = 10,000 Pesos and after 400 shares x 25 pesos = 10, 000 pesos. This means you still have the same total amount before and after the stock dividend payment.

As of May 23, the ex date is still TBA.   Will DMC move up again when these dates are announced?


Hmm Why is there a need for giving stock dividend? My googling hints that it can increase its authorized capital stock.