Which of the Following Situations Does the Dividend Discount Model

Which of the following situations does the dividend discount model work well for?

A) Companies involved in significant share repurchase arrangements.
B) Large corporations in mature industries with stable profits and an established dividend policy.
C) Companies in distress, companies that are in the process of restructuring, companies involved in acquisitions, and private companies.
D) Many resource based companies, which are cyclical in nature and often display erratic growth in earnings and dividends. In addition many of these companies (especially the smaller ones) do not distribute dividends to shareholders.