KLO, Inc Has Three Separate Divisions

KLO, Inc. has three separate divisions. All three divisions produce sufficient cash flow to fund their own operations. Management was just approached and asked if they would be receptive to selling division three. Management accepted the offer and now wants to distribute some of the excess funds from that sale to the shareholders. Management is most likely to:

A) Declare a liquidating dividend.
B) Declare a special dividend.
C) Increase the regular dividend.
D) Declare a stock dividend.
E) Do a stock split.