Last Week, Grandma's Gardens Inc

Last week, Grandma's Gardens Inc. split its stock 4-for-1. Today, Grandma's paid a dividend equal to $0.26 per new (post-split) share. The dividend payment was 4 percent greater than last year's pre-split dividend. What was last year's dividend per share?

A) $1.08
B) $0.25
C) $1.04
D) $1.00
E) $0.065