Which of the Following Statements Is True

Which of the following statements is true?

A) The stable dividend payout ratio keeps the dollar amount of the dividend stable.
B) Dividends usually do not increase unless management is convinced that the higher dividend can be maintained in the future.
C) The dividend policy which allows for an extra dividend at year-end in prosperous years includes a fairly large regular dividend payment per share every year.
D) All of the above are true.