Question
Martineau Inc is a Vancouver based manufacturer of swimwear Since going public in 2009, Martineau's common shares have been split as follows Stock Split Date
Martineau Inc is a Vancouver based manufacturer of swimwear Since going public in 2009, Martineau's common shares have been split as follows Stock Split Date Declared Type First split June 1, 2013 Four for one Second split July 10, 2015 Two for one Third split September 2, 2018 Two for one Martineau announced in December 2016 that it would introduce a quarterly dividend It has paid the following dividends up to the end of January 2020 Payment month Dividends per share
January, April, July, and October 2017 $0.050
January, April, July, and October 2018 $0.050
January, April, July, and October 2019 $.0060
January 2020 $.0072
a. If you had purchased 50 shares of Martineau when the company went public in 2009 and not bought or sold any shares since, how many shares would you currently own?
b. What is the total amount of dividends you would have received by the end of lan. you would have received by the end of January?
c. What can you infer about the growth of Martineau from the frequency of stock to introduce a quarterly dividend in December?
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