What is a possible cause for a drop in dividends?

A. The price of the stock is lower compared with the previous quarter, so the companys directors are prohibited from declaring a dividend.

B. The companys directors choose to reinvest profits rather than distribute money to shareholders.

C. The companys directors elect to declare dividends only for themselves at the expense of the shareholders.

D. New legislation raises the tax on dividends, so rather than distributing dividends, the directors elect to increase the share price instead.