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Every December for the past 12 years, Pelican Corporation (PC) has announced a 5% increase in their annual dividend. This year, PC announces a 2%

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Every December for the past 12 years, Pelican Corporation (PC) has announced a 5% increase in their annual dividend. This year, PC announces a 2% dividend increase. This is all of the information you have. What is your best guess regarding what will happen to PC's stock price? It will decrease at first and then increase when the market realizes that this is actually good news It will increase at first and then decrease It will go down O It will go up It will remain unchanged in the absence of other news

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