SBH Enterprises has traditionally paid $1.00 a year on its common shares. The management have recommended this be increased to $1.10. This action suggests that the management expect future earnings growth will be sustainable, and the stock market reacts positively to the dividend announcement. What dividend theory best explains this situation? a. The dividend content/signalling theory b. The bird-in-the-hand theory c. The agency conflict theory d. A and B e. A and C