For the Past Four Years Doodle Dee Has Paid Quarterly

For the past four years Doodle Dee has paid quarterly dividends of $.25 a share. The company just announced that dividends are being increased by 8%. As a result, the market price of Doodle Dee stock increased. The increase in the share price is generally attributed to the:

A) Increase in the current dividend amount.
B) Change in the dividend policy.
C) Information content of the dividend.
D) Residual effect of the dividend.
E) Reinvestment of the dividend amount.