You may answer this however you feel comfortable with option 1 or option 2.

• Option 1: You are advising someone within your company on the current environment for stock dividends and splits and setting up a dividend reinvestment plan.

• Option 2: Writing to a client and educating them on stock dividends, splits, and dividend reinvestment plans.

Here is all the data provided to answer the question.

• Data as of Dec 1 2019
• The stock price of 91 companies went ex-dividend
• there were more reverse stock splits listed than the regular stock splits
• the highest stock split was 40
• the highest regular split was 0.6667
• the number of companies offering a 3% dividend yield was 2489
• the number of companies offering a 5% dividend yield was 1348
• the number of companies paying a $2 dividend was 594
• the number of companies paying a $4 dividend was 175
• IBM has split their stock seven times within the first split on May 19th 1964 at 5 to 4
• IBM's most recent split stock was a two-for-one on May 27th 1999