Shares of Blue Dye, Inc

Shares of Blue Dye, Inc. are currently priced at $23.64 a share and produce a total return of 14.80%. The annual dividends of Blue Dye have been increasing at a rate of 2.4% and are expected to continue at this rate. What is the expected amount of the next dividend?

A) $1.37
B) $1.91
C) $2.41
D) $2.87
E) $2.93