Martineau Inc. is a Vancouver-based manufacturer of swimwear. Since going public in 2013, Martineau’s common shares have been split as follows:

Martineau announced in December 2020 that it would introduce a quarterly dividend. It has paid the following dividends up to the end of January 2024:

Required 

a. If you had purchased 100 shares of Martineau when the company went public in 2013 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 2024? 

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 2020?

Transcribed Image Text:

Stock Split First split Second split Third split Date Declared June 1, 2017 July 10, 2019 September 2, 2022 Type Four-for-one Two-for-one Two-for-one