A publicly traded firm announces an increase in its dividend with no other material information accompanying the

Question:

A publicly traded firm announces an increase in its with no other material information accompanying the announcement. What information is this announcement likely to convey, and what is the expected stock-price effect, as the market assimilates this information?
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...