For my money, the 5% dividend raise is dandy.
I feel even better that they have become and are now showing that they believe the balance sheet and free cash flow is more important than profitless growth.
Don't get me wrong I'd love th extra 20 cents.
That being said, with this new viewpoint, my bet is we get it even faster in the next 2-5 years.
I like the call - it's what I've have said as well if in the board of directors meeting.
I'll take that raise every year till I parish and smile about it.
Thanks for posting the earnings!
Here is the slide show: