Martineau Inc. is a Vancouver-based manufacturer of swimwear. Since going public in 2009, Martineau’s common shares have been split as follows:

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:

Required

a. If you had purchased 100 shares of Martineau when the company went public in 2005 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 January 2020?

c. What can you infer about the growth of Martineau from the frequency of stock splits and its decision to introduce a quarterly dividend in December 2016?

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Date Declared June 1, 2013 July 10, 2015 September 2, 2018 Stock Split First split Second split Third split Type Four-for-one Two-for-one Two-for-one Payment month January, April, July, and October 2017 January, April, July, and October 2018 January, April, July, and October 2019 January 2020 Dividends per share $0.075 $0.075 $0.090 $0.108