Over the Past Four Years, a Company Has Paid Dividends

Over the past four years, a company has paid dividends of $1.00, $1.10, $1.20, and $1.30, respectively. This pattern is expected to continue into the future. This is an example of a company paying a:

A) Dividend that grows by 10% each year.
B) Dividend that grows at a constant rate.
C) Dividend that grows by a decreasing amount.
D) Dividend that grows at a decreasing rate.
E) Preferred stock dividend.