Explain under which conditions an increase in the dividend payment can be interpreted as a signal of

Question:

Explain under which conditions an increase in the payment can be interpreted as a signal of good news or bad news.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...