Which of the following is not a type of dividend payment?

The correct answer is: D. Both B and C

A bonus issue is a type of dividend payment where a company gives its shareholders additional shares in the company for free. A right issue is a type of share issue where a company offers existing shareholders the opportunity to buy new shares in the company at a discount. A share split is a type of corporate action where a company divides its existing shares into multiple new shares.

Bonus issues and share splits are not types of dividend payments because they do not involve the distribution of cash to shareholders. Right issues are not types of dividend payments because they are not made out of the company’s profits.