Can the total holding return on a share that pays high dividends be less that its dividend yield, Why or why not?

Select one:

a.Yes. The share price could decrease implying a capital loss component of the return.

b.No. A high dividend yield implies a successful company giving a positive total holding return

c.Yes. There is a strong negative correlation between dividend yield and total return, especially at the extreme end.

d.Yes. If the dividend yield is very high, then if the capital appreciation cannot keep up, the average will fall implying a negative total holding return